EUR/AUD – 1H – SELL

Moreover a ‘Double bottom retreat down’ chart formation is found. The chart picture forms ‘Double bottom retreat down’. which is a bearish chart scenario. The currency pair is likely to go down.

The pair Euro/Australian Dollar (EUR/AUD) jumps from the ascending trendline downwards

A descending movement downwards to the next support at 1.78748 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 1.79647 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

1.79647 – 1.79648 – 1.79612 – 1.78748 – 1.79042 – 1.78849 — 62.881444029276 – 56.064154905792

Trading Signals: FOREX – EUR – EUR/AUD – AUD – – Double bottom retreat down –