EUR/AUD – 30M – SELLThe pair jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 1.60187 will continue.
Caution: A possible change in the direction of the resistance line at 1.61088 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. Current target is 1.60580884 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 1.61088 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.61856 |
| 2nd High | 1.61136 |
| Next High | 1.61088 |
| Current Price | 1.60514 |
| Next Low | 1.60187 |
| 2nd Low | |
| 3rd Low |