EUR/AUD – 30M – BUYThe currency pair goes from the bullish trendline downwards
A bearish trend downwards to the next support level at 1.61976 will persist.
Caution: A possible change in the direction of resistance at 1.64295 could occur.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.63772626 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of resistance at 1.64295 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64756 |
| 2nd High | 1.64597 |
| Next High | 1.64295 |
| Current Price | 1.63130 |
| Next Low | 1.61976 |
| 2nd Low | 1.61854 |
| 3rd Low | 1.61726 |