EUR/AUD – 1H – SELLThe combination moves from the ascending trendline down.
A bearish descent downwards to the next support line at 1.61849 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.63513 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Current target is 1.62999228 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.63513 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64295 |
| 2nd High | 1.63530 |
| Next High | 1.63513 |
| Current Price | 1.63479 |
| Next Low | 1.61849 |
| 2nd Low | 1.61392 |
| 3rd Low | 1.61336 |