EUR/USD – 30M – SELLThe combination Euro/US Dollar (EUR/USD) goes from the descending trendline downwards
A continuation of the downtrend downwards to the next support level at 1.18095 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 1.187 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Three Black Crows’ candle pattern is existing. The candles show ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.18895 |
| 2nd High | 1.18846 |
| Next High | 1.187 |
| Current Price | 1.18260 |
| Next Low | 1.18095 |
| 2nd Low | 1.17651 |
| 3rd Low | 1.17279 |
1.187 – 1.18846 – 1.18731 – 1.18458 – 1.18585 – 1.18473 —
1.18436 – 1.18354 —
44.490298992883 – 33.624825158375 —
– —
1.187 – 1771236000
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows – – – – – – – – –