EUR/AUD – 1H – SELLThe currency pair Euro/Australian Dollar (EUR/AUD) jumps from the descending trendline down.
A continuation of the bearish trend down to the next support level at 1.61260 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.62366 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63611 |
| 2nd High | 1.62792 |
| Next High | 1.62366 |
| Current Price | 1.61931 |
| Next Low | 1.61260 |
| 2nd Low | 1.59661 |
| 3rd Low |