Breaking News

EUR/AUD Potential Upward Movement

EUR/AUD Long-Term Trend: Bullish

Key Resistance Levels: 1.65695, 1.66253, 1.66958

Key Support Levels: 1.64771, 1.63876, 1.63323

Daily Chart:

The price on the higher time frame has recently been in an uptrend after it tested a major key level of 1.62299 and bounced back. The pair has continued to break a few resistance levels which suggests further trend continuation.

EUR/AUD Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It recently broke a consolidation zone of 1.63328 and 1.63876 and has sustained above that. As of now the pair has broken and retested a minor level of 1.64771 before continuing the momentum.

Signal Idea:

Buy Stop Order @ 1.65231

TP @ 1.65686

Stop Loss @ 1.64777

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download My Free Robot

Get your Robot Now!

Free Robot!