EUR/USD – 30M – BUY

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

A bearish movement down to the next support line at 1.13326 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 1.13681 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 1.13538 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 1.13681 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The currency pair could go down.

Then a ‘Matching Low’ candlestick pattern is detected. The candles show ‘Matching Low’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

Then a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

1.13681 – 1.13975 – 1.13943 – 1.13326 – 1.13153 – 1.13472

Download EUR/USD Signal Image

Trading Signals: FOREX – EUR – EUR/USD – USD – Matching Low