The pair Euro/US Dollar (EUR/USD) jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support line at 1.15069 is considered certain.
Caution: A possible change in the direction of the resistance line at 1.1645 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair could go down.
There is also a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bearish chart signal. The pair is likely to go down.
There is also a ‘Three Line Strike – Bearish’ chart pattern is discovered. The candles form ‘Three Line Strike – Bearish’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Line Strike – Bearish’ heading down is 84% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.17955 |
| 2nd High | 1.1667 |
| Next High | 1.1645 |
| Current Price | 1.15815 |
| Next Low | 1.15069 |
| 2nd Low | 1.15014 |
| 3rd Low | 1.15008 |
1.1645 – 1.1667 – 1.16632 – 1.16025 – 1.16066 – 1.15069 —
1.16049 – 1.15929 —
39.29579772726 – 39.02601271836 —
– —
1.1645 – 1773223200
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Line Strike – Bearish – – – – – – – – –