EUR/AUD – 30M – SELL

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

A bearish descent downwards to the next support level at 1.63504 is considered certain.

Caution: A possible change in the direction of the resistance level at 1.65191 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.644205 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 1.65191 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Outside Down’ candlestick chart pattern is discovered. The candles form ‘Three Outside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

Download EUR/AUD Signal Image

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Down