EUR/AUD – 30M – SELLThe combination goes from the bullish trendline downwards
A descent downwards to the next support at 1.64690 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 1.65429 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.64773984 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 1.65429 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.65998 |
| 2nd High | 1.65839 |
| Next High | 1.65429 |
| Current Price | 1.65012 |
| Next Low | 1.64690 |
| 2nd Low | 1.64445 |
| 3rd Low | 1.64176 |