EUR/AUD – 1H – SELLThe combination moves from the bearish trendline downwards
A continuation of the downtrend down to the next support level at 1.61392 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 1.63273 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64295 |
| 2nd High | 1.63530 |
| Next High | 1.63273 |
| Current Price | 1.62421 |
| Next Low | 1.61392 |
| 2nd Low | 1.61336 |
| 3rd Low | 1.61096 |