EUR/USD – 30M – SELL

The currency pair Euro/US Dollar (EUR/USD) goes from the descending trendline downwards

A continuation of the downward movement down to the next support line at 1.15584 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 1.16209 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair could go down.

In addition a ‘Bearish Engulfing’ candlestick pattern is discovered. The candles form ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

1.16209 – 1.16442 – 1.1647 – 1.15584 – 1.1581 – 1.15742 —
1.15684 – 1.16065 —
24.947331904002 – 57.287589147748 —
– —
1.16209 – 1772778600

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