EUR/USD – 1H – SELLThe currency pair Euro/US Dollar (EUR/USD) goes from the bullish trendline downwards
The bearish trend downwards to the next support level at is considered certain.
Caution: A possible trend reversal in the direction of resistance at 1.18096 should always be considered.
Consider stop-loss settings accordingly.
Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair could go down.
Next a ‘Two Crows’ candle chart pattern is detected. The chart forms ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.18294 |
| Next High | 1.18096 |
| Current Price | 1.17674 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.18096 – 1.18294 – 1.17536 – 1.17610 – 1.17074 – 1.16875