EUR/AUD – 30M – SELLThe currency pair moves from the descending trendline down.
A continuation of the downward movement downwards to the next support level at 1.61096 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.62649 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.61899 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 1.62649 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63273 |
| 2nd High | 1.63040 |
| Next High | 1.62649 |
| Current Price | 1.61660 |
| Next Low | 1.61096 |
| 2nd Low | 1.61029 |
| 3rd Low | 1.60989 |