EUR/AUD – 1H – SELLThe pair moves from the bearish trendline down.
A continuation of the downtrend downwards to the next support level at 1.62566 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 1.64295 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64756 |
| 2nd High | 1.64597 |
| Next High | 1.64295 |
| Current Price | 1.62428 |
| Next Low | 1.62566 |
| 2nd Low | 1.62557 |
| 3rd Low | 1.62313 |