EUR/USD – 30M – SELL

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

A continuation of the downtrend down to the next support line at 1.18407 is expected.

Caution: A possible counter-trend in the direction of resistance at 1.19543 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair is likely to fall.

Also there is a ‘Last Engulfing Bottom:’ chart pattern is existing. The candles form ‘Last Engulfing Bottom:’. which is a bearish pattern 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 ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).

1.19543 – 1.19741 – 1.19721 – 1.18407 – 1.18394 – 1.18979 —
1.18629 – 1.18678 —
47.977550446164 – 50.705165122714 —
– —
1.19543 – 1769781600

Trading Signals: FOREX – EUR – EUR/USD – USD – Last Engulfing Bottom: – – – – – – – – –