EUR/AUD – 30M – SELLThe pair jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support level at 1.60631 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 1.61136 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 1.60631 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 1.61136 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62507 |
| 2nd High | 1.61856 |
| Next High | 1.61136 |
| Current Price | 1.60879 |
| Next Low | 1.60631 |
| 2nd Low | 1.60535 |
| 3rd Low | 1.60476 |