EUR/AUD – 1H – SELL

The currency pair Euro/Australian Dollar (EUR/AUD) jumps from the descending trendline downwards

A continuation of the downward movement downwards to the next support level at 1.63813 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 1.64361 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Bearish Engulfing’ candle pattern is discovered. The candles show ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

1.64361 – 1.64297 – 1.64628 – 1.63813 – 1.6372 – 1.6367 —
1.64452 – 1.64298 —
67.899765322858 – 44.503280707264 —
– —
1.64361 – 1781596800

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish Engulfing – – – – – – – – –