EUR/AUD – 1H – SELLThe combination jumps from the descending trendline downwards
A continuation of the downward movement down to the next support level at 1.63165 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 1.64091 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64756 |
| 2nd High | 1.64597 |
| Next High | 1.64091 |
| Current Price | 1.63841 |
| Next Low | 1.63165 |
| 2nd Low | 1.62899 |
| 3rd Low | 1.62662 |