EUR/USD – 30M – SELL

The combination Euro/US Dollar (EUR/USD) goes from the descending trendline down.

A continuation of the downtrend downwards to the next support at 1.17651 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 1.18258 could happen.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.

And also a ‘Three Black Crows’ chart pattern is detected. The candles form ‘Three Black Crows’. 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 ‘Three Black Crows’ going down is 82%.

1.18258 – 1.18014 – 1.18214 – 1.17651 – 1.17814 – 1.17799 —
1.18141 – 1.18332 —
52.765320718188 – 60.839459739699 —
– —
1.18258 – 1770395400

Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows – – – – – – – – –