EUR/USD – 30M – SELL

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

A bearish movement down to the next support line at 1.15317 will persist.

Caution: A possible trend reversal in the direction of resistance at 1.15489 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair is likely to fall.

Additionally a ‘MACD crosses below signal’ indicator layout is found. The indicator is ‘MACD crosses below signal’. which could be a negative signal. The currency pair is likely to fall.

Additionally a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will persist. Current target is 1.1519261 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 1.15489 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Bearish Belt Hold’ candle pattern is found. The candles form ‘Bearish Belt Hold’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

1.15489 – 1.15435 – 1.15468 – 1.15317 – 1.14655 – 1.14139 —
1.15373 – 1.15548 —
40.919955651514 – 47.619171066883 —
– —
1.15489 – 1773824400

Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish Belt Hold – – – – – – – – –