EUR/AUD – 1H – SELLThe combination moves from the bearish trendline downwards
A continuation of the downward movement down to the next support level at 1.60642 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 1.63208 could be enabled.
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. Target of the current trend is 1.61836 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support line at 1.63208 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64597 |
| 2nd High | 1.64295 |
| Next High | 1.63208 |
| Current Price | 1.61525 |
| Next Low | 1.60642 |
| 2nd Low | 1.60476 |
| 3rd Low | 1.60230 |