The currency pair Euro/US Dollar (EUR/USD) jumps from the bullish trendline downwards
A bearish movement downwards to the next support at 1.13538 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.14336 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair could go down.
Besides a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.
Besides a ‘Three Outside Down’ candlestick chart pattern is existing. The candles form ‘Three Outside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.14632 |
| 2nd High | 1.14388 |
| Next High | 1.14336 |
| Current Price | 1.13814 |
| Next Low | 1.13538 |
| 2nd Low | 1.13328 |
| 3rd Low | 1.13241 |
1.14336 – 1.13876 – 1.13707 – 1.13538 – 1.13328 – 1.13471 —
1.14199 – 1.13908 —
48.85263158616 – 46.462586840153 —
– —
1.14336 – 1782487800
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Outside Down – – – – – – – – –