EUR/AUD – 1H – SELL

Besides a ‘Double bottom retreat down’ chart pattern is discovered. The chart picture forms ‘Double bottom retreat down’. which is a bearish signal. The currency pair is likely to fall.

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

A bearish trend downwards to the next support level at 1.78748 is certain.

Caution: A possible counter-trend in the direction of the resistance line at 1.79647 is also possible.
Consider stop-loss settings accordingly.

Besides a ‘StochRSI fall below 80’ indicator signal is discovered. The indicator is ‘StochRSI fall below 80’. which is often a bearish chart scenario. The pair is likely to go down.

1.79647 – 1.79648 – 1.79612 – 1.78748 – 1.79042 – 1.78849 — 62.881444029276 – 56.064154905792 — 50.88 – 0

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