EUR/AUD – 1H – SELL

Furthermore a ‘Double bottom retreat down’ chart layout is found. The chart picture shows ‘Double bottom retreat down’. which is a negative pattern signal. The pair is likely to go down.

The pair Euro/Australian Dollar (EUR/AUD) jumps from the bullish trendline downwards

A bearish movement down to the next support level at 1.78748 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.79647 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘StochRSI fall below 80’ indicator signal is existing. The indicator shows ‘StochRSI fall below 80’. this is usually a bearish signal. The currency pair is likely to fall.

1.79647 – 1.79648 – 1.79612 – 1.78748 – 1.79042 – 1.78849 — 62.881444029276 – 56.064154905792

Trading Signals: FOREX – EUR – EUR/AUD – AUD – – Double bottom retreat down – –