EUR/USD – 30M – SELLThe pair Euro/US Dollar (EUR/USD) moves from the bullish trendline downwards
A bearish descent down to the next support line at 1.05275 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 1.05873 should always be considered.
Consider stop-loss settings accordingly.
Also there is a ‘Three Black Crows’ candlestick chart pattern is found. The chart shows ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.06542 |
| 2nd High | 1.06094 |
| Next High | 1.05873 |
| Current Price | 1.05340 |
| Next Low | 1.05275 |
| 2nd Low | 1.04744 |
| 3rd Low | 1.04571 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows