EUR/USD – 30M – SELLThe currency pair Euro/US Dollar (EUR/USD) moves from the bearish trendline downwards
A continuation of the bearish trend down to the next support at 1.15766 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.16375 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair is likely to fall.
Next a ‘MACD crosses below signal’ indicator signal is found. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart signal. The currency pair is likely to fall.
Next a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.
Next a ‘Two Crows’ candlestick pattern is found. The chart shows ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.16613 |
| 2nd High | 1.16406 |
| Next High | 1.16375 |
| Current Price | 1.16190 |
| Next Low | 1.15766 |
| 2nd Low | 1.15762 |
| 3rd Low | 1.15467 |
1.16375 – 1.16269 – 1.16139 – 1.15766 – 1.15841 – 1.16038 —
1.16258 – 1.16411 —
59.300461559512 – 61.498464769217 —
– —
1.16375 – 1768789800
Trading Signals: FOREX – EUR – EUR/USD – USD – Two Crows – – – – – – – – –