EUR/USD – 30M – SELLThe currency pair Euro/US Dollar (EUR/USD) moves from the bearish trendline down.
A continuation of the bearish trend downwards to the next support line at 1.14571 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 1.15279 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Last Engulfing Bottom:’ candlestick pattern is detected. The candles show ‘Last Engulfing Bottom:’. which is a negative 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 ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.16192 |
| 2nd High | 1.16161 |
| Next High | 1.15279 |
| Current Price | 1.14569 |
| Next Low | 1.14571 |
| 2nd Low | 1.14466 |
| 3rd Low | 1.14428 |
1.15279 – 1.16161 – 1.16192 – 1.14776 – 1.15874 – 1.15745 —
1.15225 – 1.14722 —
38.374835634913 – 21.427126758308 —
– —
1.15279 – 1781775000
Trading Signals: FOREX – EUR – EUR/USD – USD – Last Engulfing Bottom: – – – – – – – – –