The pair Euro/Australian Dollar (EUR/AUD) moves from the bearish trendline down.
A continuation of the downward movement downwards to the next support level at 1.65777 will continue.
Caution: A possible counter-trend in the direction of resistance at 1.66555 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three Black Crows’ candlestick chart pattern is existing. The candles form ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | 1.68016 |
2nd High | 1.67762 |
Next High | 1.66555 |
Current Price | 1.66227 |
Next Low | 1.65777 |
2nd Low | 1.65446 |
3rd Low | 1.65407 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Black Crows