EUR/USD – 1H – SELLThe combination Euro/US Dollar (EUR/USD) jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support at 1.04744 will continue.
Caution: A possible counter-trend in the direction of resistance at 1.05245 should always be considered.
Consider stop-loss settings accordingly.
Besides a ‘Three Black Crows’ candle pattern is detected. The candles show ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.05390 |
| 2nd High | 1.05305 |
| Next High | 1.05245 |
| Current Price | 1.05033 |
| Next Low | 1.04744 |
| 2nd Low | 1.04532 |
| 3rd Low | 1.04252 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows