The currency pair Euro/US Dollar (EUR/USD) moves from the bearish trendline downwards
A continuation of the bearish trend down to the next support level at 1.17225 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 1.17779 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Furthermore a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.18487 |
| 2nd High | 1.17963 |
| Next High | 1.17779 |
| Current Price | 1.17724 |
| Next Low | 1.17225 |
| 2nd Low | 1.1676 |
| 3rd Low | 1.16546 |
1.17779 – 1.17963 – 1.17849 – 1.17225 – 1.1676 – 1.17149 —
1.17479 – 1.17867 —
51.734300671441 – 68.051078774384 —
– —
1.17779 – 1778155200
Trading Signals: FOREX – EUR – EUR/USD – USD – – – – – – – – – –