EUR/AUD – 30M – SELLThe combination goes from the descending trendline down.
A continuation of the downtrend down to the next support level at 1.64283 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.65282 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.64283 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.65282 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.65839 |
| 2nd High | 1.65429 |
| Next High | 1.65282 |
| Current Price | 1.64311 |
| Next Low | 1.64283 |
| 2nd Low | 1.64176 |
| 3rd Low | 1.63261 |