EUR/AUD – 30M – SELLThe combination moves from the bullish trendline down.
A bearish movement downwards to the next support at 1.61392 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.61999 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 1.61681808 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support line at 1.61999 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62620 |
| 2nd High | 1.62596 |
| Next High | 1.61999 |
| Current Price | 1.61813 |
| Next Low | 1.61392 |
| 2nd Low | 1.61336 |
| 3rd Low | 1.61096 |