EUR/USD – 30M – SELL

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

A continuation of the bearish trend downwards to the next support at 1.17717 is likely expected.

Caution: A possible change in the direction of the resistance zone at 1.18487 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Bearish Belt Hold’ candle chart pattern is detected. The candles form ‘Bearish Belt Hold’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

1.18487 – 1.17874 – 1.18235 – 1.17717 – 1.17666 – 1.17716 —
1.17984 – 1.17688 —
42.78747345449 – 30.764235779627 —
– —
1.18487 – 1776441600

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