EUR/AUD – 30M – SELLThe combination Euro/Australian Dollar (EUR/AUD) moves from the bullish trendline down.
A bearish descent downwards to the next support line at 1.66064 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 1.66358 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Bearish Harami’ candle pattern is discovered. The candles form ‘Bearish Harami’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.67107 |
| 2nd High | 1.66641 |
| Next High | 1.66358 |
| Current Price | 1.66220 |
| Next Low | 1.66064 |
| 2nd Low | 1.65839 |
| 3rd Low | 1.65777 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish Harami