The pair Euro/Australian Dollar (EUR/AUD) jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 1.74916 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 1.75441 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.76091 |
| 2nd High | 1.75567 |
| Next High | 1.75441 |
| Current Price | 1.75272 |
| Next Low | 1.74916 |
| 2nd Low | 1.74794 |
| 3rd Low | 1.74733 |
1.75441 – 1.75567 – 1.76091 – 1.74916 – 1.74921 – 1.75379