EUR/AUD – 30M – SELLThe combination moves from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 1.62038 is expected.
Caution: A possible change in the direction of the resistance zone at 1.62771 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 1.6211244 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 1.62771 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62974 |
| 2nd High | 1.62907 |
| Next High | 1.62771 |
| Current Price | 1.62254 |
| Next Low | 1.62038 |
| 2nd Low | 1.61867 |
| 3rd Low | 1.61096 |