EUR/AUD – 30M – SELLThe currency pair moves from the bearish trendline down.
A continuation of the downward movement downwards to the next support level at 1.60040 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 1.60866 could happen.
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 is certain. Current target is 1.60298656 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support line at 1.60866 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.61136 |
| 2nd High | 1.61131 |
| Next High | 1.60866 |
| Current Price | 1.60396 |
| Next Low | 1.60040 |
| 2nd Low | |
| 3rd Low |