EUR/AUD – 30M – SELL

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

A descent downwards to the next support level at 1.73064 will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 1.73555 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Matching Low’ candle chart pattern is discovered. The chart forms ‘Matching Low’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

1.73555 – 1.73979 – 1.73786 – 1.73064 – 1.73328 – 1.73427 —
1.73986 – 1.74351 —
75.21837259724 – 74.690906648528 —
– —
1.73555 – 1768878000

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Matching Low – – – – – – – – –