EUR/AUD – 1H – SELLBesides a ‘Double bottom retreat down’ chart formation is detected. The chart picture shows ‘Double bottom retreat down’. this is a bearish signal. The currency pair is likely to fall.
The pair Euro/Australian Dollar (EUR/AUD) moves from the ascending trendline downwards
A bearish trend down to the next support line at 1.78748 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 1.79647 is also possible.
Consider stop-loss settings accordingly.
Besides a ‘StochRSI fall below 80’ indicator layout is existing. The indicator is ‘StochRSI fall below 80’. which could be a negative chart signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.79735 |
| 2nd High | 1.79648 |
| Next High | 1.79647 |
| Current Price | 1.79621 |
| Next Low | 1.78748 |
| 2nd Low | 1.78332 |
| 3rd Low | 1.78112 |
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 – –