EUR/USD – 30M – SELL

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

A continuation of the downward movement down to the next support at will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 1.17776 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair could go down.

Additionally a ‘Bearish Engulfing’ candlestick pattern is found. The chart forms ‘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 probability of ‘Bearish Engulfing’ heading down is 79%.

1.17776 – 1.18071 – 1.18481 – 1.17430 – 1.17416 – 1.17844 —
1.17573 – 1.17687 —
43.305512944578 – 55.893040220864 —
1.17430 – 1771581600 —
1.17776 – 1771543800

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