EUR/USD – 30M – SELLThe combination Euro/US Dollar (EUR/USD) moves from the bullish trendline downwards
A descent down to the next support at 1.17225 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 1.17779 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Two Crows’ candlestick chart pattern is existing. The chart shows ‘Two 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 likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.18487 |
| 2nd High | 1.17963 |
| Next High | 1.17779 |
| Current Price | 1.17639 |
| Next Low | 1.17225 |
| 2nd Low | 1.16896 |
| 3rd Low | 1.1676 |
1.17779 – 1.1763 – 1.17963 – 1.17225 – 1.17446 – 1.17414 —
1.17461 – 1.17675 —
55.645764946253 – 68.366026227108 —
– —
1.17779 – 1778157000
Trading Signals: FOREX – EUR – EUR/USD – USD – Two Crows – – – – – – – – –