EUR/AUD – 1H – SELL

There is also a ‘Double bottom retreat down’ chart formation is existing. The formation shows ‘Double bottom retreat down’. which is a negative signal. The pair is likely to go down.

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

The bearish trend downwards to the next support level at 1.78748 will persist.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.79647 could happen.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘StochRSI fall below 80’ indicator layout is detected. The indicator is ‘StochRSI fall below 80’. this is usually a bearish 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 – –