EUR/USD – 30M – SELL

The combination Euro/US Dollar (EUR/USD) jumps from the descending trendline downwards

A continuation of the downward movement downwards to the next support line at is expected.

Caution: A possible counter-trend in the direction of the resistance line at 1.16543 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair could go down.

Next a ‘StochRSI %K falls below 0.8’ indicator signal is detected. The indicator shows ‘StochRSI %K falls below 0.8’. which could be a negative signal. The currency pair could go down.

Next a ‘Three Black Crows’ candle chart pattern is existing. The chart forms ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

1.16543 – 1.16255 – 1.17955 – 1.15742 – 1.15298 – 1.16713 —
1.16325 – 1.16470 —
51.774023359325 – 46.200844747341 —
– —
1.16543 – 1772629200

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