EUR/AUD – 30M – SELLThe combination moves from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 1.61877 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 1.62707 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64597 |
| 2nd High | 1.64295 |
| Next High | 1.62707 |
| Current Price | 1.61894 |
| Next Low | 1.61877 |
| 2nd Low | 1.61726 |
| 3rd Low | 1.61096 |