EUR/USD – 4H – SELLThe currency pair Euro/US Dollar (EUR/USD) moves from the descending trendline down.
A continuation of the bearish trend down to the next support level at is considered certain.
Caution: A possible trend reversal in the direction of resistance at 1.17422 is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair is likely to fall.
Additionally a ‘Three Black Crows’ candlestick pattern is existing. The candles form ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.18294 |
| Next High | 1.17422 |
| Current Price | 1.16315 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.17422 – 1.17155 – 1.18294 – 1.15736 – 1.15827 – 1.16307 — 42.604714043696 – 40.246420937769 — 16.271202939817 – 4.4608308388698 – 30.572793718008 – 17.97798382452
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows – – –