The currency pair Euro/Australian Dollar (EUR/AUD) jumps from the bullish trendline downwards
A bearish movement downwards to the next support at 1.62509 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.62939 is within the realm of possibility.
Consider stop-loss settings accordingly.
Besides a ” indicator layout is discovered. The indicator shows ”. which is often a bearish chart scenario. The pair is likely to go down.
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Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The pair is likely to go down.
Besides a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.64582 |
| 2nd High | 1.63166 |
| Next High | 1.62939 |
| Current Price | 1.63062 |
| Next Low | 1.62509 |
| 2nd Low | 1.61356 |
| 3rd Low | 1.61282 |
1.62939 – 1.62802 – 1.6235 – 1.62509 – 1.61356 – 1.61282 —
1.62779 – 1.63275 —
61.844347347737 – 74.583478327671 —
– —
1.62939 – 1773370800
Trading Signals: FOREX – EUR – EUR/AUD – AUD – – Symmetrical Triangle Chart Pattern – – – – – – – –