EUR/USD – 30M – SELLThe currency pair Euro/US Dollar (EUR/USD) moves from the bearish trendline downwards
A continuation of the bearish trend down to the next support level at 1.16212 will continue.
Caution: A possible trend reversal in the direction of resistance at 1.16621 could happen.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a negative chart signal. The pair is likely to go down.
In addition a ‘Three Outside Down’ candlestick chart pattern is found. The candles show ‘Three Outside Down’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.16984 |
| 2nd High | 1.16826 |
| Next High | 1.16621 |
| Current Price | 1.16419 |
| Next Low | 1.16212 |
| 2nd Low | 1.16147 |
| 3rd Low | 1.15908 |
1.16621 – 1.16826 – 1.16984 – 1.16457 – 1.16423 – 1.16686 —
1.16557 – 1.16495 —
43.988643924533 – 43.783090779504 —
– —
1.16621 – 1767915000
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Outside Down – – – – – – – – –