EUR/USD – 1H – SELLThe currency pair Euro/US Dollar (EUR/USD) goes from the bullish trendline down.
A descending movement downwards to the next support level at 1.14427 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 1.15659 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Two Crows’ chart pattern is discovered. The chart shows ‘Two Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.1667 |
| 2nd High | 1.1645 |
| Next High | 1.15659 |
| Current Price | 1.15779 |
| Next Low | 1.14427 |
| 2nd Low | 1.14139 |
| 3rd Low | 1.14104 |
1.15548 – 1.15468 – 1.15244 – 1.14427 – 1.14495 – 1.14655 —
1.15268 – 1.15888 —
61.992117789928 – 76.127585553971 —
– —
1.15548 – 1773842400
Trading Signals: FOREX – EUR – EUR/USD – USD – Two Crows – – – – – – – – –