EUR/AUD – 30M – SELLThe currency pair jumps from the descending trendline down.
A continuation of the downtrend down to the next support at 1.62029 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 1.62907 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63192 |
| 2nd High | 1.62974 |
| Next High | 1.62907 |
| Current Price | 1.62401 |
| Next Low | 1.62029 |
| 2nd Low | 1.61096 |
| 3rd Low | 1.61029 |