EUR/AUD – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Current target is 1.61836 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 1.63208 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64597 |
| 2nd High | 1.64295 |
| Next High | 1.63208 |
| Current Price | 1.61640 |
| Next Low | 1.61096 |
| 2nd Low | 1.60642 |
| 3rd Low | 1.60535 |