EUR/USD – 1H – SELLThe currency pair Euro/US Dollar (EUR/USD) goes from the bullish trendline downwards
A bearish movement downwards to the next support at 1.15567 is considered certain.
Caution: A possible change in the direction of the resistance line at 1.1644 is within the realm of possibility.
Consider stop-loss settings accordingly.
Besides a ‘Shooting Star’ chart pattern is existing. The chart shows ‘Shooting Star’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.16553 |
| 2nd High | 1.16448 |
| Next High | 1.1644 |
| Current Price | 1.16058 |
| Next Low | 1.15567 |
| 2nd Low | 1.15025 |
| 3rd Low | 1.14994 |
1.15891 – 1.15894 – 1.15727 – 1.15567 – 1.15025 – 1.15253 —
1.16172 – 1.16216 —
68.957439718722 – 69.430859058775 —
– —
1.15891 – 1781265600
Trading Signals: FOREX – EUR – EUR/USD – USD – Shooting Star – Rising Wedge Chart Pattern – – – – – – – –