EUR/AUD – 30M – SELLThe pair jumps from the bullish trendline down.
A descending movement down to the next support at 1.65450 is expected.
Caution: A possible change in the direction of resistance at 1.66088 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.657335 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 1.66088 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.67479 |
| 2nd High | 1.66302 |
| Next High | 1.66088 |
| Current Price | 1.65593 |
| Next Low | 1.65450 |
| 2nd Low | 1.65379 |
| 3rd Low | 1.64452 |