EUR/AUD – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.61867 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of support at 1.62452 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62907 |
| 2nd High | 1.62562 |
| Next High | 1.62452 |
| Current Price | 1.62098 |
| Next Low | 1.61867 |
| 2nd Low | 1.61096 |
| 3rd Low | 1.61029 |