EUR/AUD – 30M – SELLThe pair Euro/Australian Dollar (EUR/AUD) moves from the ascending trendline down.
A bearish descent downwards to the next support at 1.61260 will continue.
Caution: A possible change in the direction of the resistance line at 1.62108 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.6178713 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 1.62108 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62792 |
| 2nd High | 1.62366 |
| Next High | 1.62108 |
| Current Price | 1.62066 |
| Next Low | 1.61260 |
| 2nd Low | 1.60040 |
| 3rd Low | 1.60003 |