EUR/USD – 30M – SELL

The pair Euro/US Dollar (EUR/USD) goes from the bearish trendline downwards

A continuation of the downward movement down to the next support line at 1.16725 will persist.

Caution: A possible trend reversal in the direction of resistance at 1.17024 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘%K crosses below %D’ indicator signal is detected. The indicator shows ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair could go down.

In addition a ‘Northern Doji’ candle pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.17024 – 1.17425 – 1.17284 – 1.16725 – 1.16834 – 1.17101 —
1.16935 – 1.16937 —
47.498027515468 – 49.475549550119 —
– —
1.17024 – 1767758400

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