The combination Euro/US Dollar (EUR/USD) jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support at 1.18281 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 1.18571 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
In addition 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 signal. The currency pair could go down.
In addition a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.18846 |
| 2nd High | 1.187 |
| Next High | 1.18571 |
| Current Price | 1.18371 |
| Next Low | 1.18281 |
| 2nd Low | 1.18045 |
| 3rd Low |
1.18571 – 1.18494 – 1.187 – 1.18281 – 1.18045 – 1.18458 —
1.18365 – 1.18431 —
35.05764472165 – 54.094359001139 —
1.18281 – 1771410600 —
1.18571 – 1771376400
Trading Signals: FOREX – EUR – EUR/USD – USD – – – – – – – – – –