EUR/USD – 1H – SELLThe combination Euro/US Dollar (EUR/USD) goes from the descending trendline downwards
A continuation of the bearish trend down to the next support line at 1.16075 is likely expected.
Caution: A possible change in the direction of the resistance line at 1.16448 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Three Black Crows’ candle pattern is detected. The candles show ‘Three Black 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 chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.16855 |
| 2nd High | 1.16553 |
| Next High | 1.16448 |
| Current Price | 1.15321 |
| Next Low | 1.16075 |
| 2nd Low | 1.15942 |
| 3rd Low | 1.15858 |
1.16448 – 1.16553 – 1.16855 – 1.16075 – 1.15942 – 1.16131 —
1.16224 – 1.15993 —
57.877604792983 – 26.085519369545 —
– —
1.16448 – 1780581600
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows – – – – – – – – –