EUR/AUD – 1H – SELLThe combination Euro/Australian Dollar (EUR/AUD) jumps from the descending trendline downwards
A continuation of the downward movement down to the next support level at 1.78522 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 1.78991 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.80819 |
| 2nd High | 1.79759 |
| Next High | 1.78991 |
| Current Price | 1.78624 |
| Next Low | 1.78522 |
| 2nd Low | 1.78331 |
| 3rd Low | 1.78112 |
1.78991 – 1.79759 – 1.80819 – 1.78522 – 1.78644 – 1.78872 — 48.562778454222 – 38.061590674863 — 59.561641910808 – 35.518000074841 – 69.397469650206 – 55.141493251777
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Last Engulfing Top – Inverse Head and Shoulder chart pattern – –