EUR/AUD – 30M – SELLThe pair goes from the descending trendline down.
A continuation of the bearish trend down to the next support line at 1.60204 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.60644 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.61131 |
| 2nd High | 1.60866 |
| Next High | 1.60644 |
| Current Price | 1.60432 |
| Next Low | 1.60204 |
| 2nd Low | 1.60040 |
| 3rd Low |