EUR/AUD possible action

When we look at the chart we can see that the price is at some point of interest.
We can see that the price was at a support zone in the past that it was able tp break now.
What I am looking for is what the price will do now because it is still below it but we also already had a fake breakout in the past so we need to be carefull and see if this is also a fake breakout or not.
So for now we just watch the price and the volume to see what the move will be.
If is really is breaking than the support zone could become a new resistance zone and we could be able to trade off that level.

Comentário:

Okay so we can now see that the price is moving below the zone of interest so it was not a fake breakout that we got in the past.
We could now go and keep an eye out and maybe the zone of interest could become a resistance zone.