The currency pair Euro/Australian Dollar (EUR/AUD) jumps from the bearish trendline down.
A continuation of the downtrend downwards to the next support line at 1.63792 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.64287 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The pair is likely to go down.
Furthermore a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bearish signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64628 |
| 2nd High | 1.64496 |
| Next High | 1.64287 |
| Current Price | 1.64081 |
| Next Low | 1.63792 |
| 2nd Low | 1.6367 |
| 3rd Low |
1.64287 – 1.64496 – 1.64628 – 1.63792 – 1.6367 – 1.6414 —
1.63873 – 1.64121 —
38.994092526872 – 54.469239805292 —
1.63792 – 1781505000 —
1.64287 – 1781481600
Trading Signals: FOREX – EUR – EUR/AUD – AUD – – – – – – – – – –