The pair Euro/US Dollar (EUR/USD) jumps from the bearish trendline down.
A continuation of the downward movement downwards to the next support level at 1.15112 is expected.
Caution: A possible change in the direction of the resistance line at 1.16209 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.
Then a ‘Three Black Crows’ candlestick chart pattern is found. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.16543 |
| 2nd High | 1.1647 |
| Next High | 1.16209 |
| Current Price | 1.15170 |
| Next Low | 1.15112 |
| 2nd Low | 1.14908 |
| 3rd Low | 1.14682 |
1.16209 – 1.1647 – 1.16543 – 1.15584 – 1.15298 – 1.16713 —
1.16126 – 1.15509 —
54.718790835673 – 33.754926153492 —
– —
1.16209 – 1772776800
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows – – – – – – – – –