EUR/AUD – 30M – SELLThe combination Euro/Australian Dollar (EUR/AUD) goes from the ascending trendline down.
A bearish descent downwards to the next support at 1.62621 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 1.63170 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.62900724 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of support at 1.63170 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63576 |
| 2nd High | 1.63543 |
| Next High | 1.63170 |
| Current Price | 1.63072 |
| Next Low | 1.62621 |
| 2nd Low | 1.62549 |
| 3rd Low | 1.62383 |