EUR/USD – 4H – SELLThe currency pair Euro/US Dollar (EUR/USD) moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support level at 1.18326 is certain.
Caution: A possible trend reversal in the direction of resistance at 1.19282 could happen.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Three Black Crows’ chart pattern is existing. The candles show ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. 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 | 1.19282 |
| Current Price | 1.18624 |
| Next Low | 1.18326 |
| 2nd Low | 1.17651 |
| 3rd Low | 1.15766 |
1.19282 – 1.18377 – 1.20821 – 1.18326 – 1.17651 – 1.17756 —
1.18722 – 1.18696 —
49.257224160784 – 47.9435128365 —
– —
1.19282 – 1770739200
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows – – – – – – – – –