EUR/AUD – 30M – SELLThe combination Euro/Australian Dollar (EUR/AUD) jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support level at 1.79059 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 1.79612 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.79735 |
| 2nd High | 1.79629 |
| Next High | 1.79612 |
| Current Price | 1.79400 |
| Next Low | 1.79059 |
| 2nd Low | 1.78849 |
| 3rd Low | 1.78332 |
1.79612 – 1.79629 – 1.79735 – 1.79059 – 1.78849 – 1.78902
Trading Signals: FOREX – EUR – EUR/AUD – AUD – – Head and Shoulder chart pattern