EUR/AUD – 30M – SELLThe combination moves from the ascending trendline downwards
A bearish trend down to the next support at 1.63165 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 1.64597 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 1.63597116 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 1.64597 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64850 |
| 2nd High | 1.64756 |
| Next High | 1.64597 |
| Current Price | 1.63959 |
| Next Low | 1.63165 |
| 2nd Low | 1.62899 |
| 3rd Low | 1.62662 |