EUR/AUD – 30M – SELLThe pair Euro/Australian Dollar (EUR/AUD) goes from the descending trendline downwards
A continuation of the bearish trend down to the next support at 1.62251 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.62743 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 1.61555 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.62743 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63611 |
| 2nd High | 1.63070 |
| Next High | 1.62743 |
| Current Price | 1.62313 |
| Next Low | 1.62251 |
| 2nd Low | 1.61689 |
| 3rd Low | 1.61260 |