EUR/USD – 30M – SELLThe pair Euro/US Dollar (EUR/USD) goes from the bearish trendline downwards
A continuation of the downtrend downwards to the next support at 1.11911 is considered certain.
Caution: A possible change in the direction of the resistance line at 1.12925 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.11911 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 1.12925 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Three Black Crows’ candle chart pattern is found. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The currency 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%.
Additionally a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.13358 |
| 2nd High | 1.13198 |
| Next High | 1.12925 |
| Current Price | 1.11043 |
| Next Low | 1.11911 |
| 2nd Low | 1.09129 |
| 3rd Low | 1.08882 |
1.12925 – 1.12329 – 1.13198 – 1.11911 – 1.11962 – 1.12116
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows