EUR/USD – 30M – SELL

The combination Euro/US Dollar (EUR/USD) jumps from the descending trendline down.

A continuation of the downward movement down to the next support line at 1.15008 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 1.15522 could be enabled.
Consider stop-loss settings accordingly.

Besides a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair could go down.

Besides a ‘Matching Low’ candle pattern is found. The chart shows ‘Matching Low’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

1.15522 – 1.15496 – 1.15417 – 1.15231 – 1.15008 – 1.15095 —
1.15224 – 1.15230 —
31.879609041663 – 41.897263717531 —
– —
1.15522 – 1763719200

Trading Signals: FOREX – EUR – EUR/USD – USD – Matching Low – – – – – – – – –