EUR/AUD – 1H – SELL

Next a ‘Double bottom retreat down’ chart formation is discovered. The formation shows ‘Double bottom retreat down’. which is a negative signal. The currency pair is likely to fall.

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

A descending movement downwards to the next support at 1.78748 is likely expected.

Caution: A possible reversal of the 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.

Next a ‘StochRSI fall below 80’ indicator signal is existing. The indicator shows ‘StochRSI fall below 80’. which is often a bearish chart scenario. The currency pair could 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 – –