EUR/USD – 30M – SELL

Next a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.

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

A bearish movement down to the next support line at 1.15237 is likely expected.

Caution: A possible change in the direction of the resistance line at 1.15752 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair is likely to fall.

Next a ‘MACD Hidden Bearish Divergence’ indicator signal is detected. The indicator shows ‘MACD Hidden Bearish Divergence’. which could be a negative signal. The pair is likely to go down.

Next a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Next a ‘Matching Low’ candlestick pattern is found. The candles show ‘Matching Low’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

1.15752 – 1.15712 – 1.15684 – 1.15237 – 1.15338 – 1.15048 —
1.15752 – 1.15655 —
75.011572765781 – 60.605117825256 —
1.15752 – 1775561400 —
– 1775561400

Trading Signals: FOREX – EUR – EUR/USD – USD – Matching Low – Rising Wedge Chart Pattern – – – – – – – –