EUR/AUD – 1H – SELLThe currency pair jumps from the ascending trendline down.
A bearish descent downwards to the next support line at 1.62933 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 1.64295 should always be considered.
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 | 1.63515 |
| Next Low | 1.62933 |
| 2nd Low | 1.61849 |
| 3rd Low | 1.61392 |