EUR/AUD – 30M – SELLThe combination Euro/Australian Dollar (EUR/AUD) goes from the bearish trendline down.
A continuation of the downward movement down to the next support at 1.61260 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 1.62108 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62792 |
| 2nd High | 1.62366 |
| Next High | 1.62108 |
| Current Price | 1.61950 |
| Next Low | 1.61260 |
| 2nd Low | 1.60040 |
| 3rd Low | 1.60003 |