EUR/USD – 30M – SELL

The currency pair Euro/US Dollar (EUR/USD) moves from the descending trendline down.

A continuation of the bearish trend downwards to the next support level at 1.14545 will persist.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.14802 is within the realm of possibility.
Consider stop-loss settings accordingly.

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The pair is likely to go up.

There is also a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish chart signal. The pair is likely to go up.

There is also a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.

There is also a ‘Bearish Engulfing’ candle pattern is found. The chart forms ‘Bearish Engulfing’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

1.14802 – 1.14653 – 1.14871 – 1.14545 – 1.14174 – 1.14509 —
1.14640 – 1.14645 —
46.637943635644 – 47.020991286504 —
– —
1.14802 – 1781904600

Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish Engulfing – – – – – – – – –