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 🙂