EUR/AUD – 30M – SELL

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

A continuation of the downward movement down to the next support line at 1.77807 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 1.79429 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 1.77156 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of support at 1.79429 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Black Crows’ candle chart pattern is found. The chart shows ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

1.79429 – 1.81148 – 1.84480 – 1.77807 – 1.77855 – 1.77156

Download EUR/AUD Signal Image

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