EUR/AUD – 30M – BUYThe currency pair jumps from the descending trendline downwards
A continuation of the bearish trend downwards to the next support at 1.61472 is expected.
Caution: A possible change in the direction of the resistance zone at 1.62596 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Current target is 1.61742928 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance zone at 1.62596 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62649 |
| 2nd High | 1.62620 |
| Next High | 1.62596 |
| Current Price | 1.61983 |
| Next Low | 1.61472 |
| 2nd Low | 1.61336 |
| 3rd Low | 1.61096 |