Sell EUR/USD – 30M – SELL

The currency pair Euro/US Dollar (EUR/USD) goes from the ascending trendline downwards

A bearish descent down to the next support level at 1.12637 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 1.14125 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Black Crows’ candlestick pattern is found. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

Support & Resistance Price Range*
3rd High 1.14734
2nd High 1.14244
Next High 1.14125
Current Price 1.13764
Next Low 1.12637
2nd Low 1.12463
3rd Low 1.09129

1.14125 – 1.13917 – 1.13787 – 1.12637 – 1.13154 – 1.12956

Download EUR/USD Signal Image

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