EUR/AUD – 30M – SELLThe currency pair goes from the ascending trendline down.
A descent downwards to the next support line at 1.61836 is expected.
Caution: A possible change in the direction of the resistance zone at 1.62507 could happen.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.61836 at the Fibonacci level 0-Level. Caution: A possible change in the direction of support at 1.62507 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64295 |
| 2nd High | 1.63208 |
| Next High | 1.62507 |
| Current Price | 1.61896 |
| Next Low | 1.61836 |
| 2nd Low | 1.61726 |
| 3rd Low | 1.61096 |