EUR/USD – 30M – SELLThe pair Euro/US Dollar (EUR/USD) goes from the bullish trendline down.
A bearish movement downwards to the next support line at 1.16936 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 1.17622 is also possible.
Consider stop-loss settings accordingly.
Moreover a ‘Three Black Crows’ candle pattern is found. The candles show ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.17906 |
| 2nd High | 1.17756 |
| Next High | 1.17622 |
| Current Price | 1.17332 |
| Next Low | 1.16936 |
| 2nd Low | 1.16724 |
| 3rd Low | 1.16687 |
1.1689 – 1.17161 – 1.17117 – 1.16936 – 1.16724 – 1.16687 —
1.17474 – 1.17415 —
67.571629314104 – 52.975745990113 —
– —
1.1689 – 1777006800
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows – – – – – – – – –