EUR/AUD – 1H – SELLThe combination jumps from the bullish trendline downwards
A bearish movement downwards to the next support level at 1.60187 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.61856 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.60187 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.61856 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63208 |
| 2nd High | 1.62507 |
| Next High | 1.61856 |
| Current Price | 1.60381 |
| Next Low | 1.60187 |
| 2nd Low | |
| 3rd Low |