EUR/USD – 30M – SELLThe pair Euro/US Dollar (EUR/USD) moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at 1.16919 is certain.
Caution: A possible trend reversal in the direction of resistance at 1.17132 could happen.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three Black Crows’ candle chart pattern is found. The candles form ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.17756 |
| 2nd High | 1.17622 |
| Next High | 1.17132 |
| Current Price | 1.16932 |
| Next Low | 1.16919 |
| 2nd Low | 1.16801 |
| 3rd Low | 1.16776 |
1.17132 – 1.17622 – 1.17756 – 1.16919 – 1.17188 – 1.17466 —
1.17028 – 1.17042 —
40.752924002067 – 41.228433226593 —
– —
1.17132 – 1776915000
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows – – – – – – – – –