EUR/AUD – 1H – SELLThe currency pair goes from the descending trendline down.
A continuation of the downward movement down to the next support level at 1.64283 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.65429 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.65998 |
| 2nd High | 1.65839 |
| Next High | 1.65429 |
| Current Price | 1.64311 |
| Next Low | 1.64283 |
| 2nd Low | 1.64176 |
| 3rd Low | 1.62933 |