EUR/AUD – 1H – SELLCorrection of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 1.61544544 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of support at 1.62771 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63192 |
| 2nd High | 1.62907 |
| Next High | 1.62771 |
| Current Price | 1.62097 |
| Next Low | 1.61867 |
| 2nd Low | 1.61096 |
| 3rd Low | 1.60989 |