EUR/AUD – 1H – SELLThe pair moves from the bearish trendline down.
A continuation of the downward movement down to the next support line at 1.60040 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 1.61131 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62507 |
| 2nd High | 1.61856 |
| Next High | 1.61131 |
| Current Price | 1.61067 |
| Next Low | 1.60040 |
| 2nd Low | |
| 3rd Low |