EUR/AUD – 30M – SELLThe currency pair moves from the ascending trendline down.
A descending movement down to the next support level at 1.61976 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 1.63208 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 1.61854 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of support at 1.63208 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64597 |
| 2nd High | 1.64295 |
| Next High | 1.63208 |
| Current Price | 1.62250 |
| Next Low | 1.61976 |
| 2nd Low | 1.61854 |
| 3rd Low | 1.61726 |