EUR/AUD – 1H – SELLThe currency pair jumps from the bullish trendline down.
A bearish trend downwards to the next support level at 1.61849 will continue.
Caution: A possible change in the direction of the resistance level at 1.64969 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.62723 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 1.64969 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.65839 |
| 2nd High | 1.65429 |
| Next High | 1.64969 |
| Current Price | 1.62202 |
| Next Low | 1.61849 |
| 2nd Low | 1.61392 |
| 3rd Low | 1.61336 |