EUR/USD – 30M – SELLThe combination Euro/US Dollar (EUR/USD) goes from the descending trendline down.
A continuation of the bearish trend down to the next support level at is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.16968 could occur.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The pair is likely to go down.
And also a ‘Three Inside Down’ candle chart pattern is detected. The candles form ‘Three Inside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.17683 |
| 2nd High | 1.17425 |
| Next High | 1.16968 |
| Current Price | 1.16885 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.16968 – 1.17425 – 1.17339 – 1.16699 – 1.17008 – 1.17104 —
1.16968 – 1.16957 —
51.918640965769 – 49.432585988413 —
1.16968 – 1769061600 —
– 1769061600
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Inside Down – – – – – – – – –