EUR/USD – 30M – SELLThe combination Euro/US Dollar (EUR/USD) goes from the bullish trendline downwards
A bearish movement downwards to the next support line at 1.04744 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 1.05873 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three Black Crows’ candlestick pattern is existing. The chart shows ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.06542 |
| 2nd High | 1.06094 |
| Next High | 1.05873 |
| Current Price | 1.05370 |
| Next Low | 1.04744 |
| 2nd Low | 1.04571 |
| 3rd Low | 1.04252 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows