EUR/AUD – 1H – SELLThe combination goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 1.63165 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 1.64091 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64756 |
| 2nd High | 1.64597 |
| Next High | 1.64091 |
| Current Price | 1.63884 |
| Next Low | 1.63165 |
| 2nd Low | 1.62899 |
| 3rd Low | 1.62662 |