EUR/AUD – 1H – SELL

In addition a ‘Double bottom retreat down’ chart formation is detected. The formation shows ‘Double bottom retreat down’. which is a bearish signal. The currency pair is likely to go down.

The pair Euro/Australian Dollar (EUR/AUD) moves from the ascending trendline down.

A bearish trend down to the next support at 1.78748 is considered certain.

Caution: A possible change in the direction of the resistance zone at 1.79647 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘StochRSI fall below 80’ indicator signal is found. The indicator shows ‘StochRSI fall below 80’. this is usually a bearish chart signal. The currency pair could go down.

1.79647 – 1.79648 – 1.79612 – 1.78748 – 1.79042 – 1.78849 — 62.881444029276 – 56.064154905792

Trading Signals: FOREX – EUR – EUR/AUD – AUD – – Double bottom retreat down – –