The pair Euro/US Dollar (EUR/USD) jumps from the bearish trendline downwards
A continuation of the downward movement downwards to the next support level at will persist.
Caution: A possible trend reversal in the direction of resistance at 1.18709 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The pair is likely to go down.
In addition a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The pair is likely to go down.
In addition a ‘StochRSI Hidden Bearish Divergence’ indicator layout is discovered. The indicator shows ‘StochRSI Hidden Bearish Divergence’. which is often a bearish chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.19741 |
| 2nd High | 1.19543 |
| Next High | 1.18709 |
| Current Price | 1.18083 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.18709 – 1.19543 – 1.19741 – 1.17756 – 1.18407 – 1.18394 —
1.18123 – 1.18198 —
51.441542886541 – 55.953783466112 —
– —
1.18709 – 1770039000
Trading Signals: FOREX – EUR – EUR/USD – USD – – – – – – – – – –