The combination Euro/US Dollar (EUR/USD) goes from the bullish trendline downwards
The bearish trend downwards to the next support at 1.14308 will continue.
Caution: A possible counter-trend in the direction of resistance at 1.14478 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Also there is a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.
Also there is a ‘Three Outside Down’ candlestick chart pattern is detected. The candles form ‘Three Outside Down’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.1482 |
| 2nd High | 1.14759 |
| Next High | 1.14478 |
| Current Price | 1.14444 |
| Next Low | 1.14308 |
| 2nd Low | 1.14057 |
| 3rd Low | 1.13837 |
1.14478 – 1.14759 – 1.14741 – 1.14308 – 1.14597 – 1.14057 —
1.14398 – 1.14518 —
43.934574179249 – 59.885120754658 —
– —
1.14478 – 1784260800
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Outside Down – – – – – – – – –