The pair jumps from the ascending trendline downwards
A descending movement downwards to the next support line at 1.61973 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.63273 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.62167884 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.63273 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Support & Resistance |
Price Range* |
3rd High |
1.64295 |
2nd High |
1.63530 |
Next High |
1.63273 |
Current Price |
1.62032 |
Next Low |
1.61973 |
2nd Low |
1.61867 |
3rd Low |
1.61096 |
Download EUR/AUD Signal Image
Trading Signals: FOREX – EUR – EUR/AUD – AUD