EUR/AUD Long-Term Trend: Bullish
Key Resistance Levels: 1.4847, 1.4928, 1.4980
Key Support Levels: 1.4724, 1.4631, 1.4581
The price on the higher time frame has been in a downtrend for some time and recently it has reversed the direction after finding support at the 1.4562 level. The pair has broken a trendline and sustained above that which shows a bullish bias.
EUR/AUD Medium-Term Trend: Bullish
On the lower time frame, the pair is moving in the major trend’s direction. The price has been consolidating for some time between a range of 1.4631 and 1.4724 and now it has broken the upper range and retested it before continuing the momentum.
Buy Stop Order @ 1.4761
TP 1 @ 1.4828
TP 2 @ 1.4962
Stop Loss @ 1.4694
Trade Safely 🙂