Additionally a ‘Symmetrical Triangle Chart Pattern’ chart layout is found. The chart forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.
The pair Euro/US Dollar (EUR/USD) moves from the bullish trendline downwards
A bearish trend down to the next support line at is certain.
Caution: A possible trend reversal in the direction of the resistance level at 1.16073 could be enabled.
Consider stop-loss settings accordingly.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.
Additionally a ‘%K crosses below %D’ indicator signal is found. The indicator shows ‘%K crosses below %D’. which could be a negative signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.16655 |
| 2nd High | 1.16533 |
| Next High | 1.16073 |
| Current Price | 1.15809 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.16073 – 1.16533 – 1.15974 – 1.1571 – 1.15816 – 1.15626 —
1.15820 – 1.15902 —
40.63479311821 – 53.056285703634 —
– —
1.16073 – 1763485200
Trading Signals: FOREX – EUR – EUR/USD – USD – – Symmetrical Triangle Chart Pattern – – – –