Sell EUR/USD – 1H – SELL

The currency pair Euro/US Dollar (EUR/USD) goes from the bearish trendline down.

A continuation of the downward movement downwards to the next support level at 1.12655 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 1.13645 could be enabled.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Black Crows’ chart pattern is detected. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

Furthermore a ‘Double top chart pattern’ chart layout is discovered. The chart picture forms ‘Double top chart pattern’. which is a bearish pattern signal. The pair is likely to go down.

Support & Resistance Price Range*
3rd High 1.13991
2nd High 1.13805
Next High 1.13645
Current Price 1.12858
Next Low 1.12655
2nd Low 1.12637
3rd Low 1.09129

1.13645 – 1.13805 – 1.13406 – 1.12920 – 1.12655 – 1.13546

Download EUR/USD Signal Image

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