EUR/AUD – 1H – SELL

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

A bearish descent down to the next support line at 1.6449 will continue.

Caution: A possible trend reversal in the direction of resistance at 1.66227 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Bearish Belt Hold’ candle chart pattern is detected. The chart forms ‘Bearish Belt Hold’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

1.66227 – 1.64162 – 1.63187 – 1.6449 – 1.62897 – 1.62571 —
1.66563 – 1.66392 —
61.781517179249 – 57.535831833125 —
– —
1.66227 – 1774270800

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish Belt Hold – – – – – – – – –