EUR/AUD – 1H – SELLThe pair goes from the bullish trendline down.
A descent down to the next support level at 1.61621 is likely expected.
Caution: A possible change in the direction of resistance at 1.62620 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 likely expected. Current target is 1.61793132 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 1.62620 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63530 |
| 2nd High | 1.63273 |
| Next High | 1.62620 |
| Current Price | 1.61851 |
| Next Low | 1.61621 |
| 2nd Low | 1.61336 |
| 3rd Low | 1.61096 |