EUR/AUD – 1H – SELLThe pair moves from the ascending trendline downwards
A bearish trend downwards to the next support level at 1.61899 is certain.
Caution: A possible trend reversal in the direction of resistance at 1.63273 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.61867 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 1.63273 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64295 |
| 2nd High | 1.63530 |
| Next High | 1.63273 |
| Current Price | 1.61911 |
| Next Low | 1.61899 |
| 2nd Low | 1.61867 |
| 3rd Low | 1.61096 |