The combination Euro/US Dollar (EUR/USD) jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support at 1.15298 is considered certain.
Caution: A possible change in the direction of the resistance line at 1.1621 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.
There is also a ‘Three Black Crows’ candlestick chart pattern is found. The candles form ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.1647 |
| 2nd High | 1.16442 |
| Next High | 1.1621 |
| Current Price | 1.15203 |
| Next Low | 1.15298 |
| 2nd Low | 1.15112 |
| 3rd Low | 1.1511 |
1.1621 – 1.16209 – 1.16442 – 1.15456 – 1.15584 – 1.1581 —
1.16095 – 1.15397 —
57.678065835943 – 30.081623106322 —
– —
1.1621 – 1772827200
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows – – – – – – – – –