EUR/AUD Potential Upward Movement

EUR/AUD Long-Term Trend: Bullish

Key Resistance Levels: 1.68912, 1.69187, 1.69754

Key Support Levels: 1.68341, 1.67666, 1.66898

4-Hour Chart:

The price on the higher time frame has been in an uptrend recently after it tested a support level of 1.62352 and bounced back. The pair has continued to break a few resistance levels which suggests further trend continuation.

EUR/AUD Medium-Term Trend: Bullish

30-Minute Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It broke a consolidation zone of 1.66898 and 1.67666 and has sustained above that. As of now the pair has broken and retested a minor level of 1.68341 before continuing the momentum.

Signal Idea:

Buy Stop Order @ 1.68551

TP @ 1.68840

Stop Loss @ 1.68262

Trade Safely 🙂