EUR/AUD – 30M – SELLThe currency pair moves from the descending trendline downwards
A continuation of the downtrend down to the next support level at 1.60230 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 1.61088 could occur.
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 expected. Target of the current trend is 1.60631 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 1.61088 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.61856 |
| 2nd High | 1.61136 |
| Next High | 1.61088 |
| Current Price | 1.60308 |
| Next Low | 1.60230 |
| 2nd Low | |
| 3rd Low |