EUR/AUD – 1H – SELL

The pair Euro/Australian Dollar (EUR/AUD) moves from the ascending trendline downwards

A bearish descent down to the next support level at 1.64748 is certain.

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

There is also a ‘Three Black Crows’ candle chart pattern is existing. The candles show ‘Three Black Crows’. which is a negative signal. The currency 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%.

Download EUR/AUD Signal Image

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows