EUR/AUD – 1H – SELLThe combination Euro/Australian Dollar (EUR/AUD) moves from the ascending trendline downwards
A bearish trend downwards to the next support level at 1.66064 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 1.66641 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Bearish Harami’ candle chart pattern is found. The candles show ‘Bearish Harami’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.68016 |
| 2nd High | 1.67762 |
| Next High | 1.66641 |
| Current Price | 1.66278 |
| Next Low | 1.66064 |
| 2nd Low | 1.65777 |
| 3rd Low | 1.65446 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish Harami