EUR/AUD – 1H – SELLThe combination Euro/Australian Dollar (EUR/AUD) goes from the bearish trendline downwards
A continuation of the downward movement downwards to the next support at 1.61260 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 1.62524 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Three Black Crows’ candlestick chart pattern is existing. The chart shows ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63611 |
| 2nd High | 1.63070 |
| Next High | 1.62524 |
| Current Price | 1.61645 |
| Next Low | 1.61260 |
| 2nd Low | 1.59661 |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows