EUR/USD – 30M – SELLThe currency pair Euro/US Dollar (EUR/USD) goes from the bearish trendline down.
A continuation of the bearish trend down to the next support level at will persist.
Caution: A possible reversal of the trend in the direction of resistance at 1.19741 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair could go down.
Moreover a ‘StochRSI Hidden Bearish Divergence’ indicator layout is discovered. The indicator shows ‘StochRSI Hidden Bearish Divergence’. this is usually a bearish chart signal. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 1.18796232 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support zone at 1.19741 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.20257 |
| 2nd High | 1.1996 |
| Next High | 1.19741 |
| Current Price | 1.19081 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.19741 – 1.19721 – 1.1996 – 1.18946 – 1.18952 – 1.185 —
1.19347 – 1.19354 —
40.555235618752 – 49.076675685355 —
– —
1.19741 – 1769736600
Trading Signals: FOREX – EUR – EUR/USD – USD – – – – – – – – – –