EUR/AUD – 30M – SELLThe currency pair Euro/Australian Dollar (EUR/AUD) moves from the bullish trendline down.
A descending movement downwards to the next support level at 1.64849 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 1.65767 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three Black Crows’ candle chart pattern is existing. The candles form ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.65998 |
| 2nd High | 1.65839 |
| Next High | 1.65767 |
| Current Price | 1.65233 |
| Next Low | 1.64849 |
| 2nd Low | 1.64427 |
| 3rd Low | 1.63504 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows