EUR/AUD – 30M – SELLThe pair goes from the bearish trendline down.
A continuation of the bearish trend down to the next support at 1.62899 will persist.
Caution: A possible trend reversal in the direction of resistance at 1.64295 should always be considered.
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 1.63165 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of support at 1.64295 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64756 |
| 2nd High | 1.64597 |
| Next High | 1.64295 |
| Current Price | 1.63089 |
| Next Low | 1.62899 |
| 2nd Low | 1.62662 |
| 3rd Low | 1.62566 |