EUR/USD – 30M – SELL

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

A continuation of the downward movement down to the next support line at is certain.

Caution: A possible trend reversal in the direction of resistance at 1.17776 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.

And also a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.17416 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 1.17776 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Collapsing Doji Star’ chart pattern is detected. The chart shows ‘Collapsing Doji Star’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Collapsing Doji Star’ going down is 63% (Bull Market).

1.17776 – 1.18071 – 1.18481 – 1.17416 – 1.17844 – 1.17815 —
1.17564 – 1.17676 —
38.419166034902 – 56.390617177384 —
– —
1.17776 – 1771543800

Trading Signals: FOREX – EUR – EUR/USD – USD – Collapsing Doji Star – – – – – – – – –