EUR/AUD – 30M – SELLThe pair Euro/Australian Dollar (EUR/AUD) moves from the bullish trendline downwards
A bearish movement down to the next support level at 1.64748 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 1.65204 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Bearish Engulfing’ candle pattern is found. The chart forms ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.65839 |
| 2nd High | 1.65767 |
| Next High | 1.65204 |
| Current Price | 1.65101 |
| Next Low | 1.64748 |
| 2nd Low | 1.64192 |
| 3rd Low | 1.63974 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish Engulfing