EUR/AUD – 1H – SELL

In addition a ‘Double bottom retreat down’ chart layout is detected. The chart picture shows ‘Double bottom retreat down’. which is a bearish signal. The currency pair is likely to go down.

The pair Euro/Australian Dollar (EUR/AUD) goes from the ascending trendline down.

The bearish trend down to the next support line at 1.78748 will continue.

Caution: A possible change in the direction of the resistance line at 1.79647 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘%K crosses below %D’ indicator layout is found. The indicator shows ‘%K crosses below %D’. which could be a negative chart scenario. The currency pair is likely to fall.

1.79647 – 1.79648 – 1.79612 – 1.78748 – 1.79042 – 1.78849 — 62.881444029276 – 56.064154905792 — 62.941831716793 – 40.956883201565 – 70.103281003889 – 58.047648057405

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