EUR/USD – 30M – SELLThe currency pair Euro/US Dollar (EUR/USD) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support level at 1.16423 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.16621 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Southern Doji’ candlestick pattern is existing. The chart shows ‘Southern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.16984 |
| 2nd High | 1.16826 |
| Next High | 1.16621 |
| Current Price | 1.16504 |
| Next Low | 1.16423 |
| 2nd Low | 1.16212 |
| 3rd Low | 1.16147 |
1.16621 – 1.16826 – 1.16984 – 1.16423 – 1.16686 – 1.16721 —
1.16526 – 1.16557 —
37.69844566777 – 43.988644638929 —
– —
1.16621 – 1767915000
Trading Signals: FOREX – EUR – EUR/USD – USD – Southern Doji – – – – – – – – –