EUR/USD – 30M – SELLIn addition a ‘Symmetrical Triangle Chart Pattern’ chart formation is found. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to go down.
The combination Euro/US Dollar (EUR/USD) moves from the bullish trendline down.
A descent downwards to the next support at is expected.
Caution: A possible trend reversal in the direction of resistance at 1.19721 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The pair is likely to go down.
In addition a ‘Three Black Crows’ candlestick chart pattern is detected. The candles form ‘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’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.20257 |
| 2nd High | 1.1996 |
| Next High | 1.19721 |
| Current Price | 1.19084 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.19721 – 1.1996 – 1.20257 – 1.18952 – 1.185 – 1.18345 —
1.19708 – 1.19392 —
56.142070999056 – 36.351671502514 —
– —
1.19721 – 1769706000
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows – Symmetrical Triangle Chart Pattern – – – – – – – –