The currency pair Euro/Australian Dollar (EUR/AUD) moves from the descending trendline down.
A continuation of the downward movement down to the next support line at 1.63785 is likely expected.
Caution: A possible change in the direction of resistance at 1.64582 could occur.
Consider stop-loss settings accordingly.
Then a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.65542 |
| 2nd High | 1.65157 |
| Next High | 1.64582 |
| Current Price | 1.63805 |
| Next Low | 1.63785 |
| 2nd Low | 1.63584 |
| 3rd Low | 1.6357 |
1.64582 – 1.65157 – 1.65542 – 1.64116 – 1.64244 – 1.64793 —
1.64558 – 1.64130 —
51.633314206438 – 46.025737098462 —
– —
1.64582 – 1773120600
Trading Signals: FOREX – EUR – EUR/AUD – AUD – – – – – – – – – –