The pair Euro/Australian Dollar (EUR/AUD) jumps from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at 1.64083 is expected.
Caution: A possible trend reversal in the direction of resistance at 1.64581 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair is likely to fall.
Additionally a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.65137 |
| 2nd High | 1.64803 |
| Next High | 1.64581 |
| Current Price | 1.64201 |
| Next Low | 1.64083 |
| 2nd Low | 1.63942 |
| 3rd Low | 1.62897 |
1.64581 – 1.64332 – 1.64562 – 1.64083 – 1.64265 – 1.63942 —
1.64432 – 1.64315 —
61.54787390658 – 43.146621111495 —
– —
1.64581 – 1776769200
Trading Signals: FOREX – EUR – EUR/AUD – AUD – – – – – – – – – –