EUR/USD – 30M – SELLThere is also a ‘Double bottom retreat down’ chart formation is discovered. The chart picture forms ‘Double bottom retreat down’. which is a bearish chart scenario. The currency pair is likely to fall.
The combination Euro/US Dollar (EUR/USD) moves from the bullish trendline down.
A bearish movement down to the next support level at 1.16107 is expected.
Caution: A possible change in the direction of resistance at 1.16613 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.1698 |
| 2nd High | 1.16773 |
| Next High | 1.16613 |
| Current Price | 1.16405 |
| Next Low | 1.16107 |
| 2nd Low | 1.15766 |
| 3rd Low | 1.15762 |
1.16411 – 1.16375 – 1.16269 – 1.16107 – 1.15766 – 1.15841 —
1.16329 – 1.16455 —
52.533764559371 – 64.359786169169 —
– —
1.16411 – 1768813200
Trading Signals: FOREX – EUR – EUR/USD – USD – – Double bottom retreat down – – – – – – – –