EUR/AUD – 30M – SELLThe pair goes from the descending trendline down.
A continuation of the bearish trend down to the next support at 1.60204 will persist.
Caution: A possible trend reversal in the direction of resistance at 1.60866 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.61136 |
| 2nd High | 1.61131 |
| Next High | 1.60866 |
| Current Price | 1.60389 |
| Next Low | 1.60204 |
| 2nd Low | 1.60040 |
| 3rd Low |