EUR/AUD – 1H – SELLThe pair moves from the bearish trendline down.
A continuation of the downtrend downwards to the next support line at 1.60040 is certain.
Caution: A possible change in the direction of the resistance zone at 1.61131 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 1.6004 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support zone at 1.61131 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62507 |
| 2nd High | 1.61856 |
| Next High | 1.61131 |
| Current Price | 1.60628 |
| Next Low | 1.60040 |
| 2nd Low | |
| 3rd Low |