EUR/USD – 1H – SELLThe pair Euro/US Dollar (EUR/USD) moves from the bullish trendline down.
A descent downwards to the next support level at 1.15567 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 1.15891 could be enabled.
Consider stop-loss settings accordingly.
Moreover a ‘Bearish Belt Hold’ candlestick pattern is discovered. The candles form ‘Bearish Belt Hold’. 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 probability of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.1644 |
| 2nd High | 1.15894 |
| Next High | 1.15891 |
| Current Price | 1.16025 |
| Next Low | 1.15567 |
| 2nd Low | 1.15025 |
| 3rd Low | 1.14994 |
1.15891 – 1.15894 – 1.15727 – 1.15567 – 1.15025 – 1.15253 —
1.15786 – 1.16060 —
54.710259642967 – 67.927029144883 —
– —
1.15891 – 1781265600
Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish Belt Hold – – – – – – – – –