EUR/AUD – 30M – SELLThe pair jumps from the ascending trendline down.
A descent down to the next support level at 1.62038 is certain.
Caution: A possible trend reversal in the direction of resistance at 1.62771 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62974 |
| 2nd High | 1.62907 |
| Next High | 1.62771 |
| Current Price | 1.62021 |
| Next Low | 1.62038 |
| 2nd Low | 1.61867 |
| 3rd Low | 1.61096 |