EUR/AUD Potential Upward Movement

EUR/AUD Long-Term Trend: Bullish

Key Resistance Levels: 1.66927, 1.67128, 1.67408

Key Support Levels: 1.65934, 1.65686, 1.64534

Daily Chart:

The price on the higher time frame has recently been in an uptrend after it tested a support level of 1.58596 and bounced back. The pair has broken a few resistance levels with good momentum 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 1.64534 and 1.65686 and has sustained above that. As of now the pair has broken a minor level of 1.65934 which shows signs of momentum continuation.

Signal Idea:

Buy Stop Order @ 1.66232

TP @ 1.66664

Stop Loss @ 1.65798

Trade Safely 🙂