EUR/USD – 30M – SELLThe pair Euro/US Dollar (EUR/USD) jumps from the descending trendline downwards
A continuation of the downward movement down to the next support level at 1.03049 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 1.03210 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Bearish Belt Hold’ candle pattern is found. The candles show ‘Bearish Belt Hold’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.03572 |
| 2nd High | 1.03240 |
| Next High | 1.03210 |
| Current Price | 1.02906 |
| Next Low | 1.03049 |
| 2nd Low | 1.02729 |
| 3rd Low | 1.02643 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish Belt Hold