EUR/AUD – 30M – SELLThe combination Euro/Australian Dollar (EUR/AUD) jumps from the descending trendline downwards
A continuation of the bearish trend down to the next support level at 1.66386 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 1.67049 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.665635 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 1.67049 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.67149 |
| 2nd High | 1.67087 |
| Next High | 1.67049 |
| Current Price | 1.66577 |
| Next Low | 1.66386 |
| 2nd Low | 1.66197 |
| 3rd Low | 1.66040 |