EUR/AUD – 30M – SELLThe currency pair Euro/Australian Dollar (EUR/AUD) goes from the ascending trendline downwards
A bearish descent down to the next support line at 1.65446 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 1.66159 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.65868 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 1.66159 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.67107 |
| 2nd High | 1.66514 |
| Next High | 1.66159 |
| Current Price | 1.66024 |
| Next Low | 1.65446 |
| 2nd Low | 1.65407 |
| 3rd Low | 1.65222 |