EUR/AUD – 1H – SELLAlso there is a ‘Double bottom retreat down’ chart layout is detected. The chart forms ‘Double bottom retreat down’. which is a bearish chart scenario. The currency pair is likely to go down.
The combination Euro/Australian Dollar (EUR/AUD) moves from the bullish trendline down.
A descending movement downwards to the next support level at 1.78748 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.79647 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.79735 |
| 2nd High | 1.79648 |
| Next High | 1.79647 |
| Current Price | 1.79621 |
| Next Low | 1.78748 |
| 2nd Low | 1.78332 |
| 3rd Low | 1.78112 |
1.79647 – 1.79648 – 1.79612 – 1.78748 – 1.79042 – 1.78849
Trading Signals: FOREX – EUR – EUR/AUD – AUD – – Double bottom retreat down –