EUR/USD – 30M – SELL

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

A continuation of the downward movement downwards to the next support line at 1.16725 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 1.17024 should always be considered.
Consider stop-loss settings accordingly.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair is likely to rise.

Also there is a ‘%K crosses above %D’ indicator signal is found. The indicator shows ‘%K crosses above %D’. which could be a positive chart scenario. The currency pair is likely to rise.

Also there is a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

Also there is a ‘Northern Doji’ chart pattern is found. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.17024 – 1.17425 – 1.17284 – 1.16725 – 1.16834 – 1.17101 —
1.16882 – 1.16902 —
46.86635273554 – 49.331496322261 —
– —
1.17024 – 1767758400

Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – – – – – – – – –