EUR/AUD – 1H – SELL

The pair Euro/Australian Dollar (EUR/AUD) jumps from the bullish trendline downwards

A bearish movement down to the next support line at 1.74614 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 1.75785 could occur.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.74876 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of support at 1.75785 could occur.
Consider stop-loss settings accordingly.

Furthermore a ‘Southern Doji’ chart pattern is discovered. The chart shows ‘Southern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

1.75785 – 1.76148 – 1.7578 – 1.74898 – 1.75269 – 1.74876 —
1.75009 – 1.74995 —
40.944100909287 – 37.756852166422 —
– —
1.75785 – 1767376800

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Southern Doji – Double top chart pattern – – – – – – – –