EUR/USD – 30M – SELL

Additionally a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 1.158695 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 1.1667 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Black Crows’ candlestick chart pattern is detected. The candles show ‘Three Black Crows’. 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 ‘Three Black Crows’ heading down is 82%.

1.1667 – 1.16632 – 1.16451 – 1.16025 – 1.16066 – 1.15069 —
1.16290 – 1.16393 —
51.73458546101 – 56.258131520966 —
– —
1.1667 – 1773172800

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