EUR/USD – 30M – SELL

The combination Euro/US Dollar (EUR/USD) moves from the bullish trendline down.

A bearish descent down to the next support at 1.15811 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 1.16132 is also possible.
Consider stop-loss settings accordingly.

Additionally a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

Additionally a ‘Northern Doji’ chart pattern is existing. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.16017 – 1.1601 – 1.16132 – 1.15811 – 1.15762 – 1.15467 —
1.15724 – 1.16071 —
38.96936189272 – 59.738145749408 —
– —
1.16017 – 1764295200

Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – – – – – – – – –