EUR/USD – 30M – SELL

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

A continuation of the downtrend down to the next support level at 1.18045 is certain.

Caution: A possible counter-trend in the direction of the resistance line at 1.187 should always be considered.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair is likely to fall.

Moreover a ‘MACD crosses below signal’ indicator layout is existing. The indicator is ‘MACD crosses below signal’. which is often a bearish chart scenario. The currency pair is likely to fall.

Moreover a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.

Moreover a ‘Three Outside Down’ candle chart pattern is detected. The chart shows ‘Three Outside Down’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.18494 – 1.187 – 1.18846 – 1.18045 – 1.18458 – 1.18585 —
1.18521 – 1.18532 —
61.797710279843 – 60.131178744616 —
– —
1.18494 – 1771327800

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