EUR/AUD – 1H – SELLThe currency pair jumps from the bullish trendline down.
A descending movement downwards to the next support line at 1.64522 will persist.
Caution: A possible change in the direction of the resistance zone at 1.65352 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.64522 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 1.65352 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.66172 |
| 2nd High | 1.65644 |
| Next High | 1.65352 |
| Current Price | 1.64548 |
| Next Low | 1.64522 |
| 2nd Low | 1.64452 |
| 3rd Low | 1.64142 |