EUR/USD – 30M – SELLThe currency pair Euro/US Dollar (EUR/USD) goes from the bearish trendline down.
A continuation of the bearish trend down to the next support at 1.15810 will persist.
Caution: A possible change in the direction of the resistance level at 1.1647 is also possible.
Consider stop-loss settings accordingly.
Additionally a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.
Additionally a ‘Tweezers Top’ chart pattern is detected. The chart shows ‘Tweezers Top’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.17955 |
| 2nd High | 1.16543 |
| Next High | 1.1647 |
| Current Price | 1.16123 |
| Next Low | 1.15810 |
| 2nd Low | 1.15742 |
| 3rd Low | 1.15298 |
1.1647 – 1.16543 – 1.16255 – 1.15810 – 1.15742 – 1.15298 —
1.16001 – 1.16236 —
41.395738007025 – 50.874286548486 —
1.15810 – 1772706600 —
1.1647 – 1772681400
Trading Signals: FOREX – EUR – EUR/USD – USD – Tweezers Top – – – – – – – – –