EUR/AUD Long-Term Trend: Bullish
Key Resistance Levels: 1.58926, 1.59670, 1.59938.
Key Support Levels: 1.58011, 1.57386, 1.56668.
Daily Time Frame:
The price on the higher time frame found support around the area of confluence made of a strong support and the trendline support (dotted line). the market showed an end of the correction and it might to the upside in the coming days.
EUR/AUD Medium-Term Trend: Bullish
1-Hr Time Frame:
On the lower time frame, the price succeeded to break the bearish channel after leaving a throw over at the lower end of the channel. This indicates that the downtrend is exhausted and the buyers might took control of the price action and this could lead to a move to the upside.
Buy Limit Order @ 1.58007
TP 1 @ 1.58718
TP 2 @ 1.58926
Stop Loss @ 1.57653
Trade Safely 🙂