EUR/AUD – 1H – SELLThe combination goes from the descending trendline downwards
A continuation of the downtrend down to the next support at 1.61096 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 1.62562 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63192 |
| 2nd High | 1.62907 |
| Next High | 1.62562 |
| Current Price | 1.61904 |
| Next Low | 1.61096 |
| 2nd Low | 1.60989 |
| 3rd Low | 1.60040 |