EUR/USD – 30M – SELL

The currency pair Euro/US Dollar (EUR/USD) moves from the descending trendline down.

A continuation of the downtrend down to the next support at 1.15766 is considered certain.

Caution: A possible trend reversal in the direction of the resistance line at 1.16375 could occur.
Please make appropriate stop-loss settings in the case of a trade.

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

Next a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is considered certain. Current target is 1.16244674 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 1.16375 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Tweezers Top’ candle pattern is detected. The chart shows ‘Tweezers Top’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

1.16375 – 1.16269 – 1.16139 – 1.15766 – 1.15841 – 1.16038 —
1.16340 – 1.16332 —
60.492964602768 – 63.89570155501 —
– —
1.16375 – 1768789800

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