EUR/USD – 1H – SELLThe pair Euro/US Dollar (EUR/USD) goes from the ascending trendline downwards
A bearish trend down to the next support at 1.185 is likely expected.
Caution: A possible change in the direction of the resistance zone at 1.19065 could occur.
Consider stop-loss settings accordingly.
Also there is a ‘StochOSC Bearish Divergence’ indicator signal is detected. The indicator shows ‘StochOSC Bearish Divergence’. chart signal.
Also there is a ‘Three Outside Down’ chart pattern is existing. The chart forms ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.19185 |
| Next High | 1.19065 |
| Current Price | 1.19768 |
| Next Low | 1.185 |
| 2nd Low | 1.18345 |
| 3rd Low | 1.16699 |
1.19065 – 1.18972 – 1.1759 – 1.185 – 1.18345 – 1.16699 —
1.18895 – 1.19833 —
60.133447633656 – 79.398504424038 —
– —
1.19065 – 1769450400
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Outside Down – – – – – – – – –