EUR/USD – 1H – SELLThe combination Euro/US Dollar (EUR/USD) goes from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support level at 1.16834 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 1.17024 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Tweezers Top’ chart pattern is found. The chart shows ‘Tweezers Top’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.17541 |
| 2nd High | 1.17425 |
| Next High | 1.17024 |
| Current Price | 1.16899 |
| Next Low | 1.16834 |
| 2nd Low | 1.16586 |
| 3rd Low | 1.16147 |
1.17024 – 1.17425 – 1.17541 – 1.16834 – 1.16586 – 1.17129 —
1.16991 – 1.16944 —
48.254783602536 – 47.186965692035 —
– —
1.17024 – 1767758400
Trading Signals: FOREX – EUR – EUR/USD – USD – Tweezers Top – – – – – – – – –