EUR/USD – 30M – SELL

The currency pair Euro/US Dollar (EUR/USD) moves from the bullish trendline downwards

The bearish trend downwards to the next support level at 1.13726 will persist.

Caution: A possible trend reversal in the direction of the resistance line at 1.14569 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend will persist. Current target is 1.142287 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support line at 1.14569 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Black Crows’ candle pattern is found. The candles form ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

1.14353 – 1.14305 – 1.14388 – 1.13726 – 1.13862 – 1.13713

Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows