EUR/AUD – 30M – SELLThe pair jumps from the descending trendline downwards
A continuation of the downtrend down to the next support at 1.62029 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 1.62772 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63543 |
| 2nd High | 1.63047 |
| Next High | 1.62772 |
| Current Price | 1.62578 |
| Next Low | 1.62029 |
| 2nd Low | 1.61911 |
| 3rd Low | 1.61829 |