EUR/USD – 30M – SELL

There is also a ‘%K crosses below %D’ indicator signal is discovered. The indicator is ‘%K crosses below %D’. which could be a negative signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 1.15927 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of support at 1.16406 should be noted.
Consider stop-loss settings accordingly.

There is also a ‘Three Outside Down’ chart pattern is found. The candles form ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.16406 – 1.16613 – 1.16773 – 1.15927 – 1.16256 – 1.16327 —
1.16091 – 1.16170 —
28.701001480635 – 47.338060803936 —
– —
1.16406 – 1768480200

Trading Signals: FOREX – EUR – EUR/USD – USD – Three Outside Down – – – – – – – – –