EUR/USD – 30M – SELL

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

A bearish movement down to the next support at 1.17814 is likely expected.

Caution: A possible change in the direction of the resistance zone at 1.18214 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair could go down.

Also there is a ‘On Neck’ candle chart pattern is existing. The chart shows ‘On Neck’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘On Neck’ going down is 56% (Bull Market) & 58% (Bear Market).

1.18214 – 1.18083 – 1.18078 – 1.17814 – 1.17799 – 1.17825 —
1.18031 – 1.17943 —
53.519318526285 – 45.120994164697 —
– —
1.18214 – 1770307200

Trading Signals: FOREX – EUR – EUR/USD – USD – On Neck – – – – – – – – –