EUR/USD – 30M – SELL

The combination Euro/US Dollar (EUR/USD) moves from the descending trendline downwards

A continuation of the downward movement down to the next support at 1.15069 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 1.1621 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair is likely to fall.

Also there is a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a negative signal. The currency pair could go down.

Also there is a ‘Three Outside Down’ candle pattern is existing. The chart shows ‘Three Outside Down’. which 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).

1.1621 – 1.16209 – 1.16442 – 1.15069 – 1.15456 – 1.15584 —
1.15207 – 1.15711 —
30.255669638989 – 58.601335955965 —
– —
1.1621 – 1772827200

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