EUR/AUD – 30M – SELLThe pair jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support at 1.60631 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.61088 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.60631 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 1.61088 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.61856 |
| 2nd High | 1.61136 |
| Next High | 1.61088 |
| Current Price | 1.60709 |
| Next Low | 1.60631 |
| 2nd Low | 1.60535 |
| 3rd Low | 1.60476 |