EUR/USD – 30M – SELLThe pair Euro/US Dollar (EUR/USD) jumps from the ascending trendline downwards
A bearish descent downwards to the next support line at 1.05670 is certain.
Caution: A possible trend reversal in the direction of resistance at 1.05938 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Bearish Engulfing’ candlestick pattern is discovered. The chart shows ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.06094 |
| 2nd High | 1.05969 |
| Next High | 1.05938 |
| Current Price | 1.05813 |
| Next Low | 1.05670 |
| 2nd Low | 1.05656 |
| 3rd Low | 1.04721 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish Engulfing