EUR/AUD – 30M – SELLThe combination Euro/Australian Dollar (EUR/AUD) goes from the bullish trendline downwards
A bearish descent down to the next support line at 1.66009 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 1.66641 could occur.
Consider stop-loss settings accordingly.
There is also a ‘Bearish Harami’ candlestick pattern is existing. The chart shows ‘Bearish Harami’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.67440 |
| 2nd High | 1.67107 |
| Next High | 1.66641 |
| Current Price | 1.66496 |
| Next Low | 1.66009 |
| 2nd Low | 1.65992 |
| 3rd Low | 1.65839 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bearish Harami