EUR/AUD – 30M – SELLThe currency pair moves from the descending trendline downwards
A continuation of the downtrend down to the next support line at 1.61976 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 1.63129 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64597 |
| 2nd High | 1.64295 |
| Next High | 1.63129 |
| Current Price | 1.62768 |
| Next Low | 1.61976 |
| 2nd Low | 1.61854 |
| 3rd Low | 1.61726 |