EUR/AUD – 30M – SELLThe pair Euro/Australian Dollar (EUR/AUD) moves from the bullish trendline down.
A descending movement downwards to the next support level at 1.65339 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.66533 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Tweezers Top’ candlestick chart pattern is discovered. The candles show ‘Tweezers Top’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.67107 |
| 2nd High | 1.66790 |
| Next High | 1.66533 |
| Current Price | 1.66503 |
| Next Low | 1.65339 |
| 2nd Low | 1.65222 |
| 3rd Low | 1.65080 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Tweezers Top