EUR/AUD – 30M – SELLCorrection of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.62623 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.63273 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64295 |
| 2nd High | 1.63530 |
| Next High | 1.63273 |
| Current Price | 1.62876 |
| Next Low | 1.62496 |
| 2nd Low | 1.62329 |
| 3rd Low | 1.62181 |