EUR/AUD – 30M – SELLThe combination jumps from the ascending trendline down.
A bearish trend downwards to the next support line at 1.64176 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 1.65839 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.646295 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 1.65839 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.66172 |
| 2nd High | 1.65998 |
| Next High | 1.65839 |
| Current Price | 1.65204 |
| Next Low | 1.64176 |
| 2nd Low | 1.63261 |
| 3rd Low | 1.62933 |