EUR/AUD – 30M – SELLThe combination goes from the bullish trendline down.
A descent down to the next support line at 1.63938 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.64597 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.64114344 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.64597 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64850 |
| 2nd High | 1.64756 |
| Next High | 1.64597 |
| Current Price | 1.64043 |
| Next Low | 1.63938 |
| 2nd Low | 1.63842 |
| 3rd Low | 1.63665 |