EUR/USD – 30M – SELLThe combination Euro/US Dollar (EUR/USD) goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at 1.18326 is considered certain.
Caution: A possible change in the direction of the resistance zone at 1.18731 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Tweezers Top’ chart pattern is discovered. The chart forms ‘Tweezers Top’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.19269 |
| 2nd High | 1.18895 |
| Next High | 1.18731 |
| Current Price | 1.18603 |
| Next Low | 1.18326 |
| 2nd Low | 1.18095 |
| 3rd Low | 1.17651 |
1.18731 – 1.18895 – 1.18875 – 1.18558 – 1.18519 – 1.18326 —
1.18639 – 1.18624 —
40.882695062062 – 47.746467964752 —
– —
1.18731 – 1770951600
Trading Signals: FOREX – EUR – EUR/USD – USD – Tweezers Top – – – – – – – – –