EUR/USD – 30M – SELLThe pair Euro/US Dollar (EUR/USD) moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support level at 1.05159 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 1.05502 is within the realm of possibility.
Consider stop-loss settings accordingly.
Also there is a ‘Three Black Crows’ candle pattern is discovered. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.06542 |
| 2nd High | 1.05925 |
| Next High | 1.05502 |
| Current Price | 1.05369 |
| Next Low | 1.05159 |
| 2nd Low | 1.05118 |
| 3rd Low | 1.04961 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows