EUR/USD – 1H – SELLThe currency pair Euro/US Dollar (EUR/USD) goes from the ascending trendline downwards
A descending movement downwards to the next support line at 1.03328 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 1.05545 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Three Black Crows’ chart pattern is detected. The candles form ‘Three Black Crows’. which is a negative 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 | 1.06542 |
| 2nd High | 1.06094 |
| Next High | 1.05545 |
| Current Price | 1.04772 |
| Next Low | 1.03328 |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows