EUR/USD – 30M – SELL

There is also a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.

The combination Euro/US Dollar (EUR/USD) goes from the bullish trendline downwards

A descent downwards to the next support line at is expected.

Caution: A possible trend reversal in the direction of the resistance line at 1.17504 is also possible.
Consider stop-loss settings accordingly.

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 1.16961434 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support zone at 1.17504 is also possible.
Consider stop-loss settings accordingly.

There is also a ‘Southern Doji’ candlestick pattern is discovered. The chart shows ‘Southern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

1.17504 – 1.17383 – 1.17536 – 1.17113 – 1.16875 – 1.16831

Trading Signals: FOREX – EUR – EUR/USD – USD – Southern Doji – Rising Wedge Chart Pattern