EUR/JPY – 1H – SELLThe currency pair moves from the bullish trendline down.
The bearish trend down to the next support level at 163.93700 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 166.06900 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 166.06900 |
| Current Price | 165.74900 |
| Next Low | 163.93700 |
| 2nd Low | 163.79500 |
| 3rd Low | 162.77200 |