EUR/AUD – 1H – SELLThe pair Euro/Australian Dollar (EUR/AUD) jumps from the bearish trendline down.
A continuation of the downtrend down to the next support line at 1.78522 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 1.78759 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The pair is likely to go down.
Moreover a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.79759 |
| 2nd High | 1.78991 |
| Next High | 1.78759 |
| Current Price | 1.78532 |
| Next Low | 1.78522 |
| 2nd Low | 1.78331 |
| 3rd Low | 1.78112 |
1.78759 – 1.78991 – 1.79759 – 1.78522 – 1.78644 – 1.78872 — 58.849626295795 – 56.754590842086 — 96.848390683788 – 90.532986031775 – 97.003753614414 – 95.793792238521
Trading Signals: FOREX – EUR – EUR/AUD – AUD – – Triple bottom chart pattern – –