EUR/AUD – 1H – SELLThe pair moves from the bullish trendline down.
A descending movement downwards to the next support line at 1.61336 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 1.62620 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.61336 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 1.62620 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63530 |
| 2nd High | 1.63273 |
| Next High | 1.62620 |
| Current Price | 1.61490 |
| Next Low | 1.61336 |
| 2nd Low | 1.61096 |
| 3rd Low | 1.60989 |