EUR/USD – 30M – SELL

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The currency pair could go down.

Next a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a negative chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.18530584 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 1.19269 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Outside Down’ candlestick chart pattern is found. The chart shows ‘Three Outside Down’. this is a bearish chart scenario. 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).

1.18842 – 1.19269 – 1.19282 – 1.18326 – 1.18858 – 1.18863 —
1.18671 – 1.18873 —
34.247119969949 – 60.875514201739 —
– —
1.18842 – 1770868800

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