EUR/AUD – 1H – SELLThe pair Euro/Australian Dollar (EUR/AUD) moves from the bullish trendline down.
A descending movement down to the next support level at 1.66197 is certain.
Caution: A possible change in the direction of the resistance level at 1.67087 is also possible.
Consider stop-loss settings accordingly.
Also there is a ‘Bearish SBS White Lines’ chart pattern is found. The chart forms ‘Bearish SBS White Lines’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.67149 |
| Next High | 1.67087 |
| Current Price | 1.66607 |
| Next Low | 1.66197 |
| 2nd Low | 1.65662 |
| 3rd Low | 1.64748 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish SBS White Lines