EUR/USD – 30M – SELL

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

A continuation of the downtrend down to the next support at 1.16212 will continue.

Caution: A possible change in the direction of resistance at 1.16613 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a negative chart signal. The pair is likely to go down.

Besides a ‘Three Outside Down’ chart pattern is existing. The candles show ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.16613 – 1.16773 – 1.1698 – 1.16256 – 1.16327 – 1.1635 —
1.16349 – 1.16344 —
39.891815493842 – 46.857423593258 —
– —
1.16613 – 1768413600

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