EUR/USD – 30M – SELL

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

A continuation of the bearish trend down to the next support at 1.14051 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 1.14315 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

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

Additionally a ‘Three Outside Down’ candlestick pattern is detected. The candles show ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.14315 – 1.14632 – 1.14802 – 1.14186 – 1.14411 – 1.14545 —
1.14296 – 1.14108 —
47.482362863554 – 39.672118036099 —
– —
1.14315 – 1782190800

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