EUR/USD – 4H – SELLThe pair Euro/US Dollar (EUR/USD) moves from the bearish trendline downwards
A continuation of the downtrend down to the next support line at 1.14427 is certain.
Caution: A possible change in the direction of resistance at 1.16158 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Bearish Belt Hold’ candlestick chart pattern is detected. The candles show ‘Bearish Belt Hold’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.18285 |
| 2nd High | 1.1667 |
| Next High | 1.16158 |
| Current Price | 1.15267 |
| Next Low | 1.14427 |
| 2nd Low | 1.14104 |
| 3rd Low | 1.13713 |
1.16158 – 1.1667 – 1.18285 – 1.14427 – 1.14104 – 1.15069 —
1.16158 – 1.15643 —
62.351666747597 – 52.642784977165 —
1.16158 – 1773950400 —
– 1773950400
Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish Belt Hold – – – – – – – – –