EUR/USD – 30M – SELLIn addition a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.1443677 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 1.14897 could be enabled.
Consider stop-loss settings accordingly.
In addition a ‘Two Crows’ candlestick pattern is existing. The chart shows ‘Two Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.15659 |
| 2nd High | 1.15293 |
| Next High | 1.14897 |
| Current Price | 1.14789 |
| Next Low | 1.14139 |
| 2nd Low | 1.14104 |
| 3rd Low | 1.14051 |
1.14562 – 1.14897 – 1.15293 – 1.14139 – 1.14104 – 1.14324 —
1.14867 – 1.14983 —
70.383753694323 – 66.579230684882 —
– —
1.14562 – 1773633600
Trading Signals: FOREX – EUR – EUR/USD – USD – Two Crows – – – – – – – – –