EUR/AUD – 30M – SELLThe pair Euro/Australian Dollar (EUR/AUD) jumps from the ascending trendline down.
The bearish trend down to the next support level at 1.66613 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 1.67440 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Bearish Harami’ candlestick chart pattern is existing. The candles show ‘Bearish Harami’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.68016 |
| 2nd High | 1.67762 |
| Next High | 1.67440 |
| Current Price | 1.66759 |
| Next Low | 1.66613 |
| 2nd Low | 1.66311 |
| 3rd Low | 1.66197 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish Harami