EUR/AUD – 1H – SELLThe currency pair goes from the ascending trendline downwards
A bearish movement down to the next support line at 1.64283 is likely expected.
Caution: A possible change in the direction of resistance at 1.65429 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.6358891 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support zone at 1.65429 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.65998 |
| 2nd High | 1.65839 |
| Next High | 1.65429 |
| Current Price | 1.64354 |
| Next Low | 1.64283 |
| 2nd Low | 1.64176 |
| 3rd Low | 1.62933 |