EUR/AUD – 1H – SELL

Then a ‘Double bottom retreat down’ chart formation is found. The chart shows ‘Double bottom retreat down’. this is a bearish chart scenario. The currency pair is likely to fall.

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

A descending movement downwards to the next support level at 1.78748 will persist.

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

1.79647 – 1.79648 – 1.79612 – 1.78748 – 1.79042 – 1.78849 — 62.881444029276 – 56.064154905792 — 62.941831716793 – 40.956883201565 – 70.103281003889 – 58.047648057405

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