EUR/USD – 30M – SELL

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

A bearish descent downwards to the next support level at 1.15237 is certain.

Caution: A possible change in the direction of the resistance level at 1.16965 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair could go down.

Moreover a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.

Moreover a ‘Matching Low’ chart pattern is detected. The chart shows ‘Matching Low’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

1.16965 – 1.15752 – 1.15712 – 1.15237 – 1.15338 – 1.15048 —
1.16748 – 1.17044 —
72.783003890155 – 78.096136336451 —
– —
1.16965 – 1775617200

Trading Signals: FOREX – EUR – EUR/USD – USD – Matching Low – – – – – – – – –