EUR/AUD – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 1.71645 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support zone at 1.72159 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Double top chart pattern’ chart pattern is discovered. The chart picture shows ‘Double top chart pattern’. which is a negative chart scenario. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.72720 |
| 2nd High | 1.72479 |
| Next High | 1.72159 |
| Current Price | 1.71827 |
| Next Low | 1.71645 |
| 2nd Low | 1.71421 |
| 3rd Low | 1.70852 |
1.72159 – 1.72479 – 1.72720 – 1.71645 – 1.72111 – 1.71963