EUR/AUD – 30M – SELLThe pair Euro/Australian Dollar (EUR/AUD) jumps from the ascending trendline down.
A bearish descent downwards to the next support at 1.66390 is considered certain.
Caution: A possible change in the direction of resistance at 1.67008 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 1.66642 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 1.67008 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.67087 |
| 2nd High | 1.67049 |
| Next High | 1.67008 |
| Current Price | 1.66743 |
| Next Low | 1.66390 |
| 2nd Low | 1.66386 |
| 3rd Low | 1.66197 |