EUR/USD – 30M – SELL

Besides a ‘ ‘ indicator signal is discovered. The indicator shows ‘ ‘. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 1.1905 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 1.20821 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Bearish Engulfing’ candlestick chart pattern is existing. The candles form ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

1.20821 – 1.1899 – 1.19065 – 1.185 – 1.18345 – 1.18362 —
1.20046 – 1.20067 —
56.411096795787 – 52.101066819391 —
– —
1.20821 – 1769553000

Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish Engulfing – – – – – – – – –