EUR/AUD – 30M – SELLThe pair Euro/Australian Dollar (EUR/AUD) jumps from the ascending trendline down.
The bearish trend down to the next support level at 1.61685 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 1.62402 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is likely expected. Current target is 1.62322626 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support line at 1.62402 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62524 |
| 2nd High | 1.62494 |
| Next High | 1.62402 |
| Current Price | 1.62267 |
| Next Low | 1.61685 |
| 2nd Low | 1.61583 |
| 3rd Low | 1.61260 |