The combination Euro/Australian Dollar (EUR/AUD) goes from the bearish trendline downwards
A continuation of the downward movement down to the next support level at is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.66396 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.67501 |
| 2nd High | 1.6671 |
| Next High | 1.66396 |
| Current Price | 1.66031 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.66396 – 1.66251 – 1.6671 – 1.65642 – 1.65597 – 1.6588 —
1.65881 – 1.66139 —
38.432237299739 – 57.226560436685 —
1.65642 – 1772213400 —
1.66396 – 1772206200
Trading Signals: FOREX – EUR – EUR/AUD – AUD – – – – – – – – – –