EUR/AUD – 30M – SELLThe pair moves from the descending trendline down.
A continuation of the downward movement down to the next support line at 1.60989 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 1.61289 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.61856 |
| 2nd High | 1.61388 |
| Next High | 1.61289 |
| Current Price | 1.61166 |
| Next Low | 1.60989 |
| 2nd Low | 1.60864 |
| 3rd Low | 1.60512 |