The currency pair Euro/US Dollar (EUR/USD) moves from the ascending trendline downwards
A bearish trend downwards to the next support level at 1.15467 is certain.
Caution: A possible change in the direction of the resistance zone at 1.16005 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.
Additionally a ‘Three Black Crows’ candle chart pattern is existing. The chart shows ‘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 probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.16145 |
| 2nd High | 1.16073 |
| Next High | 1.16005 |
| Current Price | 1.15921 |
| Next Low | 1.15467 |
| 2nd Low | 1.15112 |
| 3rd Low | 1.1511 |
1.16005 – 1.15955 – 1.15855 – 1.15467 – 1.15654 – 1.15112 —
1.16127 – 1.16059 —
68.324765604557 – 55.424750466113 —
– —
1.16005 – 1764181800
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows – – – – – – – – –