EUR/USD – 30M – SELLThe pair Euro/US Dollar (EUR/USD) jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support line at 1.16423 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 1.16826 is also possible.
Consider stop-loss settings accordingly.
In addition a ‘Three Black Crows’ candle pattern is found. The chart shows ‘Three Black Crows’. this 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 ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.17024 |
| 2nd High | 1.16984 |
| Next High | 1.16826 |
| Current Price | 1.16488 |
| Next Low | 1.16423 |
| 2nd Low | 1.16212 |
| 3rd Low | 1.16147 |
1.16826 – 1.16984 – 1.17024 – 1.16423 – 1.16686 – 1.16721 —
1.16539 – 1.16557 —
42.822542240338 – 42.351276757792 —
– —
1.16826 – 1767859200
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows – – – – – – – – –