The pair Euro/US Dollar (EUR/USD) goes from the ascending trendline down.
A bearish movement downwards to the next support line at will continue.
Caution: A possible trend reversal in the direction of the resistance level at 1.14336 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair could go down.
Moreover a ‘StochRSI %K falls below 0.8’ indicator layout is existing. The indicator is ‘StochRSI %K falls below 0.8’. which could be a negative chart scenario. The currency pair could go down.
Moreover a ‘Three Black Crows’ candle chart pattern is detected. The chart forms ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.14388 |
| Next High | 1.14336 |
| Current Price | 1.13883 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.14336 – 1.13876 – 1.13707 – 1.13538 – 1.13328 – 1.13471 —
1.14336 – 1.14029 —
76.664874852077 – 46.992442755954 —
1.14336 – 1782487800 —
– 1782487800
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows – – – – – – – – –