EUR/AUD – 30M – SELLThe combination goes from the bearish trendline down.
A continuation of the bearish trend down to the next support line at 1.61867 will persist.
Caution: A possible change in the direction of the resistance line at 1.62452 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 1.62128252 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 1.62452 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62907 |
| 2nd High | 1.62562 |
| Next High | 1.62452 |
| Current Price | 1.62162 |
| Next Low | 1.61867 |
| 2nd Low | 1.61096 |
| 3rd Low | 1.61029 |