EUR/USD – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at 1.17651 will continue.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.18214 could happen.
Consider stop-loss settings accordingly.

Next a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair could go down.

Next a ‘Bearish Engulfing’ candle pattern is existing. The candles form ‘Bearish Engulfing’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

1.18214 – 1.18083 – 1.18078 – 1.17651 – 1.17814 – 1.17799 —
1.17906 – 1.17986 —
52.925794186283 – 60.118718910469 —
– —
1.18214 – 1770307200

Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish Engulfing – – – – – – – – –