EUR/AUD – 1H – SELLThe pair jumps from the ascending trendline downwards
A descending movement downwards to the next support line at 1.61973 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.63273 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.62167884 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.63273 is within the realm of possibility.
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 |