EUR/AUD – 30M – SELLThe pair moves from the descending trendline down.
A continuation of the downtrend downwards to the next support level at 1.64142 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 1.64996 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 1.64472 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 1.64996 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.65352 |
| 2nd High | 1.65230 |
| Next High | 1.64996 |
| Current Price | 1.64420 |
| Next Low | 1.64142 |
| 2nd Low | 1.63665 |
| 3rd Low | 1.62899 |