EUR/AUD Potential Upward Movement

EUR/AUD Long-Term Trend: Bullish

Key Resistance Levels: 1.66551, 1.66798, 1.67015

Key Support Levels: 1.65934, 1.65686, 1.64534

Daily Chart:

The price on the higher time frame has been in an uptrend recently after it tested a support 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 broke a consolidation zone of 1.64534 and 1.64856 and has sustained above that. As of now the pair has broken and retested a minor level of 1.65934 before continuing the momentum.

Signal Idea:

Buy Limit Order @ 1.66111

TP @ 1.66407

Stop Loss @ 1.65814

Trade Safely 🙂