EUR/AUD – 30M – SELLThe combination moves from the descending trendline downwards
A continuation of the downtrend down to the next support level at 1.61973 will persist.
Caution: A possible trend reversal in the direction of resistance at 1.62771 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62974 |
| 2nd High | 1.62907 |
| Next High | 1.62771 |
| Current Price | 1.62328 |
| Next Low | 1.61973 |
| 2nd Low | 1.61867 |
| 3rd Low | 1.61096 |