EUR/USD – 30M – SELLThe 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
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows