Also there is a ‘Rising Wedge Chart Pattern’ chart layout is existing. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.
The pair Euro/US Dollar (EUR/USD) goes from the ascending trendline downwards
A descent down to the next support at 1.15338 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 1.15712 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair could go down.
Also there is a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.
Also there is a ‘Three Outside Down’ candlestick pattern is existing. The candles show ‘Three Outside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.16267 |
| 2nd High | 1.16051 |
| Next High | 1.15712 |
| Current Price | 1.15401 |
| Next Low | 1.15338 |
| 2nd Low | 1.15048 |
| 3rd Low | 1.14571 |
1.15712 – 1.15684 – 1.15288 – 1.15338 – 1.15048 – 1.15289 —
1.15516 – 1.15475 —
51.654277313106 – 51.040674828631 —
– —
1.15712 – 1775496600
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Outside Down – Rising Wedge Chart Pattern – – – – – – – –