EUR/AUD – 1H – BUY

The combination Euro/Australian Dollar (EUR/AUD) goes from the bullish trendline downwards

A bearish descent downwards to the next support line at 1.64748 is likely expected.

Caution: A possible change in the direction of the resistance line at 1.65998 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.65767 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance line at 1.65998 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Three White Soldiers’ candle chart pattern is existing. The chart forms ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.

Download EUR/AUD Signal Image

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers