EUR/AUD – 30M – SELL

The pair Euro/Australian Dollar (EUR/AUD) goes from the descending trendline downwards

A continuation of the downward movement down to the next support line at 1.62175 is likely expected.

Caution: A possible change in the direction of the resistance zone at 1.62556 could occur.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Bearish Engulfing’ candlestick pattern is existing. The candles show ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

1.62556 – 1.62597 – 1.62773 – 1.62175 – 1.62159 – 1.62328 —
1.62350 – 1.62281 —
38.305511398076 – 45.873037156034 —
– —
1.62556 – 1779800400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish Engulfing – – – – – – – – –