EUR/USD – 30M – SELL

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

A bearish movement down to the next support line at 1.17225 is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.17779 should always be considered.
Consider stop-loss settings accordingly.

Additionally a ” indicator signal is discovered. The indicator is ”. this is usually a bearish chart scenario. The pair is likely to go down.

!

Additionally a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The pair is likely to go down.

Additionally a ‘Bearish Belt Hold’ candlestick pattern is existing. The chart shows ‘Bearish Belt Hold’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

1.17779 – 1.1763 – 1.17963 – 1.17225 – 1.17446 – 1.17414 —
1.17712 – 1.17784 —
74.202980354872 – 73.180843989608 —
– —
1.17779 – 1778157000

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