The combination Euro/US Dollar (EUR/USD) moves from the descending trendline down.
A continuation of the bearish trend down to the next support level at 1.17651 is certain.
Caution: A possible change in the direction of the resistance line at 1.187 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair is likely to fall.
Also there is a ‘MACD crosses below signal’ indicator layout is discovered. The indicator is ‘MACD crosses below signal’. which is often a bearish chart scenario. The currency pair is likely to fall.
Also there is a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.18895 |
| 2nd High | 1.18846 |
| Next High | 1.187 |
| Current Price | 1.18305 |
| Next Low | 1.17651 |
| 2nd Low | 1.16699 |
| 3rd Low | 1.15766 |
1.187 – 1.18846 – 1.18895 – 1.18467 – 1.18558 – 1.18519 —
1.18469 – 1.18494 —
34.076624675111 – 47.166905211877 —
– —
1.187 – 1771236000
Trading Signals: FOREX – EUR – EUR/USD – USD – – – – – – – – – –