Buy EUR/AUD – 1H – BUY

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

A continuation of the bearish trend downwards to the next support at 1.66898 will continue.

Caution: A possible change in the direction of resistance at 1.67700 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.67586716 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of resistance at 1.67700 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Bullish Belt Hold’ candle pattern is existing. The candles show ‘Bullish Belt Hold’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

Support & Resistance Price Range*
3rd High
2nd High 1.68016
Next High 1.67700
Current Price 1.67365
Next Low 1.66898
2nd Low 1.66311
3rd Low 1.66197

Download EUR/AUD Signal Image

Trading Signals:

Forex and Crypto Live Trading Signals - MyLiveSignals