EUR/AUD – 30M – SELLThe currency pair jumps from the bullish trendline downwards
A bearish trend downwards to the next support line at 1.60642 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 1.61856 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.60864 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.61856 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63208 |
| 2nd High | 1.62507 |
| Next High | 1.61856 |
| Current Price | 1.60763 |
| Next Low | 1.60642 |
| 2nd Low | 1.60535 |
| 3rd Low | 1.60476 |