EUR/USD – 1H – SELLMoreover a ‘Symmetrical Triangle Chart Pattern’ chart layout is discovered. The chart shows ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.
The currency pair Euro/US Dollar (EUR/USD) jumps from the descending trendline downwards
A continuation of the downtrend down to the next support line at will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.1996 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.18929336 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.1996 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Three Black Crows’ chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.20821 |
| Next High | 1.1996 |
| Current Price | 1.19166 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.1996 – 1.20821 – 1.19065 – 1.19057 – 1.18952 – 1.185 —
1.19525 – 1.19741 —
44.491164042528 – 52.494525160132 —
– —
1.19960 – 1769677200
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows – Symmetrical Triangle Chart Pattern – – – – – – – –