EUR/USD – 30M – SELLBesides a ‘Symmetrical Triangle Chart Pattern’ chart layout is discovered. The chart forms ‘Symmetrical Triangle Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
The currency pair Euro/US Dollar (EUR/USD) moves from the bullish trendline downwards
The bearish trend downwards to the next support line at 1.14201 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.1462 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.14168 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.1462 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.14802 |
| 2nd High | 1.14723 |
| Next High | 1.1462 |
| Current Price | 1.14398 |
| Next Low | 1.14201 |
| 2nd Low | 1.13733 |
| 3rd Low | 1.13613 |
1.1462 – 1.14723 – 1.14114 – 1.14201 – 1.13733 – 1.13613 —
1.14497 – 1.14472 —
54.349873654815 – 52.534747093707 —
– —
1.1462 – 1783071000
Trading Signals: FOREX – EUR – EUR/USD – USD – – Symmetrical Triangle Chart Pattern – – – – – – – –