EUR/USD – 30M – SELLThe pair Euro/US Dollar (EUR/USD) jumps from the ascending trendline down.
A descent downwards to the next support at 1.14545 is expected.
Caution: A possible change in the direction of the resistance level at 1.14802 could be enabled.
Consider stop-loss settings accordingly.
Furthermore a ‘Matching Low’ chart pattern is existing. The candles form ‘Matching Low’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.15279 |
| 2nd High | 1.14871 |
| Next High | 1.14802 |
| Current Price | 1.14550 |
| Next Low | 1.14545 |
| 2nd Low | 1.14174 |
| 3rd Low | 1.14139 |
1.14802 – 1.14653 – 1.14871 – 1.14545 – 1.14174 – 1.14509 —
1.14634 – 1.14665 —
46.478873309649 – 47.03947323943 —
– —
1.14802 – 1781904600
Trading Signals: FOREX – EUR – EUR/USD – USD – Matching Low – – – – – – – – –