EUR/AUD – 1H – SELL

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

A bearish trend down to the next support line at 1.64435 is certain.

Caution: A possible counter-trend in the direction of the resistance line at 1.64909 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Furthermore a ‘Three Inside Down’ candlestick pattern is discovered. The candles form ‘Three Inside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

1.64909 – 1.64591 – 1.6381 – 1.64435 – 1.63371 – 1.63038 —
1.64899 – 1.64955 —
66.634260491861 – 64.104576316936 —
– —
1.64909 – 1781092800

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Inside Down – Rising Wedge Chart Pattern – – – – – – – –