EUR/USD – 30M – SELLThe pair Euro/US Dollar (EUR/USD) moves from the bullish trendline downwards
A bearish descent downwards to the next support level at 1.04721 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.05286 could occur.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three Black Crows’ candlestick pattern is found. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.05382 |
| 2nd High | 1.05349 |
| Next High | 1.05286 |
| Current Price | 1.05152 |
| Next Low | 1.04721 |
| 2nd Low | 1.04604 |
| 3rd Low | 1.04571 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows