EUR/AUD – 30M – SELLThe combination moves from the descending trendline downwards
A continuation of the downtrend down to the next support at 1.61854 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 1.64295 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64756 |
| 2nd High | 1.64597 |
| Next High | 1.64295 |
| Current Price | 1.62499 |
| Next Low | 1.61854 |
| 2nd Low | 1.61726 |
| 3rd Low | 1.61096 |