EUR/AUD – 1H – SELLThe combination goes from the descending trendline downwards
A continuation of the downward movement downwards to the next support level at 1.60187 is certain.
Caution: A possible counter-trend in the direction of resistance at 1.61131 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62507 |
| 2nd High | 1.61856 |
| Next High | 1.61131 |
| Current Price | 1.60471 |
| Next Low | 1.60187 |
| 2nd Low | |
| 3rd Low |