EUR/AUD – 1H – SELLThe currency pair moves from the bullish trendline down.
A bearish movement downwards to the next support at 1.61621 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 1.62620 could occur.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.61336 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support line at 1.62620 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63530 |
| 2nd High | 1.63273 |
| Next High | 1.62620 |
| Current Price | 1.61675 |
| Next Low | 1.61621 |
| 2nd Low | 1.61336 |
| 3rd Low | 1.61096 |