The pair Euro/Australian Dollar (EUR/AUD) goes from the ascending trendline down.
A descending movement downwards to the next support level at 1.71602 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.7194 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bullish signal. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.74224 |
| 2nd High | 1.72119 |
| Next High | 1.7194 |
| Current Price | 1.71622 |
| Next Low | 1.71602 |
| 2nd Low | 1.711 |
| 3rd Low | 1.70989 |
1.7194 – 1.71927 – 1.71678 – 1.71602 – 1.711 – 1.71109 —
1.71917 – 1.71653 —
55.695844587386 – 41.373074806038 —
– —
1.71940 – 1769481000
Trading Signals: FOREX – EUR – EUR/AUD – AUD – – Double top chart pattern – – – – – – – –