EUR/AUD – 30M – SELLCorrection of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 1.61555 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 1.62743 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63611 |
| 2nd High | 1.63070 |
| Next High | 1.62743 |
| Current Price | 1.62236 |
| Next Low | 1.61689 |
| 2nd Low | 1.61260 |
| 3rd Low | 1.60040 |