The combination moves from the bullish trendline downwards
The bearish trend down to the next support level at 71.580000000 is expected.
Caution: A possible change in the direction of resistance at 73.960000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Three White Soldiers’ candlestick pattern is detected. The candles form ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | 74.620000000 |
2nd High | 74.380000000 |
Next High | 73.960000000 |
Current Price | 74.170000000 |
Next Low | 71.580000000 |
2nd Low | 71.080000000 |
3rd Low | 70.640000000 |