EUR/USD – 30M – SELL

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

A continuation of the downward movement down to the next support level at 1.16787 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 1.17161 should always be considered.
Consider stop-loss settings accordingly.

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

1.17161 – 1.17117 – 1.17132 – 1.16787 – 1.16919 – 1.17188 —
1.17036 – 1.16873 —
53.313351072588 – 42.161898951841 —
– —
1.17161 – 1776965400

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