EUR/AUD – 30M – SELL

The combination Euro/Australian Dollar (EUR/AUD) moves from the descending trendline downwards

A continuation of the downward movement down to the next support level at 1.66910 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 1.67591 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 1.67161848 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 1.67591 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three Black Crows’ chart pattern is existing. The candles show ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

Download EUR/AUD Signal Image

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows