EUR/USD – 30M – BUYThe pair Euro/US Dollar (EUR/USD) moves from the bearish trendline downwards
A continuation of the downward movement down to the next support level at 1.04051 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.04299 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Matching Low’ candle pattern is discovered. The candles show ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.04471 |
| 2nd High | 1.04452 |
| Next High | 1.04299 |
| Current Price | 1.04222 |
| Next Low | 1.04051 |
| 2nd Low | 1.03904 |
| 3rd Low | 1.03832 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Matching Low