EUR/AUD – 1H – SELLCorrection of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.639235 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 1.65429 should be noted.
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 | 1.64884 |
| Next Low | 1.64445 |
| 2nd Low | 1.64176 |
| 3rd Low | 1.62933 |