Sell EUR/AUD – 4H – SELL

The combination Euro/Australian Dollar (EUR/AUD) jumps from the ascending trendline down.

A descending movement downwards to the next support level at 1.64894 will continue.

Caution: A possible trend reversal in the direction of resistance at 1.68016 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Bearish Harami’ candlestick pattern is found. The candles form ‘Bearish Harami’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).

Support & Resistance Price Range*
3rd High
2nd High
Next High 1.68016
Current Price 1.66283
Next Low 1.64894
2nd Low 1.63613
3rd Low 1.63504

Download EUR/AUD Signal Image

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