EUR/USD – 30M – SELLThe pair Euro/US Dollar (EUR/USD) goes from the ascending trendline down.
A bearish movement downwards to the next support line at 1.08052 is considered certain.
Caution: A possible change in the direction of the resistance zone at 1.08495 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The pair is likely to go down.
Also there is a ‘Three Outside Down’ candle chart pattern is discovered. The candles show ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood 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 formation shows ‘Double top chart pattern’. which is a bearish signal. The currency pair is likely to fall.
Also there is a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.08614 |
| 2nd High | 1.08579 |
| Next High | 1.08495 |
| Current Price | 1.08032 |
| Next Low | 1.08052 |
| 2nd Low | 1.07648 |
| 3rd Low | 1.07542 |
1.08495 – 1.08444 – 1.07998 – 1.08052 – 1.07648 – 1.07542
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Outside Down