EUR/AUD – 1H – SELL

Moreover a ‘Double bottom retreat down’ chart pattern is detected. The chart picture forms ‘Double bottom retreat down’. which is a bearish pattern signal. The currency pair is likely to go down.

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

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

Caution: A possible change in the direction of the resistance line at 1.79647 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘StochRSI fall below 80’ indicator signal is discovered. The indicator shows ‘StochRSI fall below 80’. which is often a bearish chart signal. The currency pair could go down.

1.79647 – 1.79648 – 1.79612 – 1.78748 – 1.79042 – 1.78849 — 62.881444029276 – 56.064154905792 — 50.88 – 0

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