EUR/AUD – 1H – SELLThe pair Euro/Australian Dollar (EUR/AUD) moves from the descending trendline down.
A continuation of the downward movement downwards to the next support at 1.61685 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.62494 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. Target of the current trend is 1.61933932 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of support at 1.62494 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63070 |
| 2nd High | 1.62524 |
| Next High | 1.62494 |
| Current Price | 1.62204 |
| Next Low | 1.61685 |
| 2nd Low | 1.61583 |
| 3rd Low | 1.61260 |