The currency pair Euro/US Dollar (EUR/USD) goes from the ascending trendline down.
A bearish descent downwards to the next support level at 1.13241 will persist.
Caution: A possible trend reversal in the direction of resistance at 1.14362 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.
There is also a ‘Three Black Crows’ chart pattern is discovered. The candles show ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.16448 |
| 2nd High | 1.16216 |
| Next High | 1.14362 |
| Current Price | 1.14286 |
| Next Low | 1.13241 |
| 2nd Low | 1.12099 |
| 3rd Low | 1.11307 |
1.14362 – 1.14336 – 1.16216 – 1.13241 – 1.14174 – 1.15025 —
1.14000 – 1.14579 —
40.769401502658 – 59.4596791009 —
– —
1.14362 – 1782835200
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows – – – – – – – – –