EUR/AUD – 30M – SELLThe currency pair jumps from the descending trendline down.
A continuation of the downtrend downwards to the next support at 1.61877 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 1.64295 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Current target is 1.62332 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support zone at 1.64295 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64756 |
| 2nd High | 1.64597 |
| Next High | 1.64295 |
| Current Price | 1.62093 |
| Next Low | 1.61877 |
| 2nd Low | 1.61726 |
| 3rd Low | 1.61096 |