EUR/USD – 30M – BUYThe currency pair Euro/US Dollar (EUR/USD) goes from the ascending trendline down.
A bearish trend down to the next support level at 1.05670 will persist.
Caution: A possible counter-trend in the direction of resistance at 1.05938 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Matching Low’ chart pattern is detected. The chart forms ‘Matching Low’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.06094 |
| 2nd High | 1.05969 |
| Next High | 1.05938 |
| Current Price | 1.05630 |
| Next Low | 1.05670 |
| 2nd Low | 1.05656 |
| 3rd Low | 1.04721 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Matching Low