EUR/USD – 30M – SELL

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

A continuation of the downward movement down to the next support level at 1.18045 will persist.

Caution: A possible counter-trend in the direction of resistance at 1.18571 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The pair is likely to go down.

And also a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bearish chart signal. The pair is likely to go down.

And also a ‘Three Outside Down’ candle chart pattern is found. The chart shows ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.18571 – 1.18494 – 1.187 – 1.18045 – 1.18458 – 1.18585 —
1.18464 – 1.18455 —
51.276125807565 – 51.159695090498 —
– —
1.18571 – 1771376400

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