EUR/USD – 30M – SELL

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

A bearish movement down to the next support level at 1.15793 is expected.

Caution: A possible change in the direction of the resistance zone at 1.1606 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘%K crosses below %D’ indicator signal is detected. The indicator is ‘%K crosses below %D’. which could be a negative chart signal. The currency pair is likely to fall.

Then a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

Then a ‘Tweezers Top’ candlestick chart pattern is found. The candles form ‘Tweezers Top’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

1.1606 – 1.16145 – 1.16243 – 1.15793 – 1.15816 – 1.15946 —
1.15847 – 1.16019 —
37.503653225166 – 59.898481821552 —
– —
1.16060 – 1763460000

Trading Signals: FOREX – EUR – EUR/USD – USD – Tweezers Top – – – – –