EUR/USD – 30M – SELLThe pair Euro/US Dollar (EUR/USD) goes from the bearish trendline down.
A continuation of the downward movement downwards to the next support line at 1.05159 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 1.05925 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Three Black Crows’ chart pattern is discovered. The chart shows ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.06628 |
| 2nd High | 1.06542 |
| Next High | 1.05925 |
| Current Price | 1.05341 |
| Next Low | 1.05159 |
| 2nd Low | 1.05118 |
| 3rd Low | 1.04961 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows