EUR/USD – 1H – SELLThe currency pair Euro/US Dollar (EUR/USD) goes from the bearish trendline down.
A continuation of the downtrend downwards to the next support level at 1.18326 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 1.187 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.
Next a ‘Matching Low’ candlestick pattern is detected. The candles form ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.18895 |
| 2nd High | 1.18846 |
| Next High | 1.187 |
| Current Price | 1.18412 |
| Next Low | 1.18326 |
| 2nd Low | 1.17651 |
| 3rd Low | 1.16699 |
1.187 – 1.18846 – 1.18895 – 1.18467 – 1.18558 – 1.18519 —
1.18507 – 1.18442 —
38.184425951265 – 36.195450849491 —
– —
1.187 – 1771236000
Trading Signals: FOREX – EUR – EUR/USD – USD – Matching Low – – – – – – – – –