EUR/USD – 30M – SELLAlso there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair could go down.
Also there is a ‘Three Outside Down’ chart pattern is detected. The candles form ‘Three Outside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
Also there is a ‘Double top chart pattern’ chart pattern is found. The chart shows ‘Double top chart pattern’. which is a bearish signal. The currency pair is likely to fall.
Also there is a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.08614 |
| 2nd High | 1.08579 |
| Next High | 1.08301 |
| Current Price | 1.07984 |
| Next Low | 1.07770 |
| 2nd Low | 1.07653 |
| 3rd Low | 1.06017 |
1.08301 – 1.08085 – 1.08579 – 1.07770 – 1.07816 – 1.08173
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Outside Down