EUR/USD – 30M – SELLThe pair jumps from the bearish trendline downwards
A continuation of the downward movement downwards to the next support at 1.05946 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 1.06291 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Three Black Crows’ chart pattern is discovered. The chart shows ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.07275 |
| 2nd High | 1.06628 |
| Next High | 1.06291 |
| Current Price | 1.06112 |
| Next Low | 1.05946 |
| 2nd Low | |
| 3rd Low |