EUR/USD – 30M – SELLThe currency pair Euro/US Dollar (EUR/USD) goes from the bearish trendline down.
A continuation of the downtrend downwards to the next support at is certain.
Caution: A possible trend reversal in the direction of the resistance line at 1.17024 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair could go down.
Then a ‘%K crosses below %D’ indicator layout is found. The indicator shows ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair could go down.
Then a ‘Tweezers Top’ chart pattern is detected. The chart shows ‘Tweezers Top’. which is a bearish signal. The currency pair is likely to fall. 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 | 1.17644 |
| 2nd High | 1.17425 |
| Next High | 1.17024 |
| Current Price | 1.16906 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.17024 – 1.17425 – 1.17284 – 1.16834 – 1.17101 – 1.16586 —
1.16984 – 1.16950 —
51.334215417565 – 50.621975876802 —
– —
1.17024 – 1767758400
Trading Signals: FOREX – EUR – EUR/USD – USD – Tweezers Top – – – – – – – – –