EUR/AUD – 30M – SELLThe pair moves from the bullish trendline down.
The bearish trend down to the next support level at 1.61973 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 1.63273 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 1.61973 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support zone at 1.63273 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64295 |
| 2nd High | 1.63530 |
| Next High | 1.63273 |
| Current Price | 1.62032 |
| Next Low | 1.61973 |
| 2nd Low | 1.61867 |
| 3rd Low | 1.61096 |