EUR/AUD – 30M – SELLThe pair goes from the descending trendline downwards
A continuation of the bearish trend down to the next support at 1.63165 will continue.
Caution: A possible trend reversal in the direction of resistance at 1.64091 could happen.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 1.6356266 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 1.64091 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64756 |
| 2nd High | 1.64597 |
| Next High | 1.64091 |
| Current Price | 1.63820 |
| Next Low | 1.63165 |
| 2nd Low | 1.62899 |
| 3rd Low | 1.62662 |