EUR/AUD – 1H – SELLCorrection of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.61532774 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support line at 1.62907 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63530 |
| 2nd High | 1.63192 |
| Next High | 1.62907 |
| Current Price | 1.62223 |
| Next Low | 1.62029 |
| 2nd Low | 1.61096 |
| 3rd Low | 1.60989 |