EUR/AUD – 1H – SELL

Besides a ‘Double bottom retreat down’ chart formation is existing. The chart picture forms ‘Double bottom retreat down’. this is a bearish signal. The currency pair is likely to fall.

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

A descent downwards to the next support level at 1.78748 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 1.79647 should be noted.
Consider stop-loss settings accordingly.

Besides a ‘StochRSI fall below 80’ indicator layout is detected. The indicator shows ‘StochRSI fall below 80’. which could be a negative signal. The pair is likely to go down.

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 – –