EUR/USD – 30M – SELL

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

A continuation of the bearish trend down to the next support line at 1.17466 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 1.17899 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘MACD crosses below signal’ indicator layout is found. The indicator shows ‘MACD crosses below signal’. which could be a negative signal. The currency pair is likely to fall.

Besides a ‘RSI Hidden Bearish Divergence’ indicator layout is found. The indicator shows ‘RSI Hidden Bearish Divergence’. which could be a negative signal. The currency pair is likely to fall.

Besides a ‘StochOSC Bearish Divergence’ indicator layout is found. The indicator shows ‘StochOSC Bearish Divergence’. which could be a negative signal. The currency pair is likely to fall.

Besides a ‘Matching Low’ candlestick chart pattern is existing. The chart shows ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

1.17899 – 1.18487 – 1.17874 – 1.17466 – 1.17289 – 1.17717 —
1.17899 – 1.17874 —
59.403744472102 – 60.787588256252 —
1.17899 – 1776715200 —
– 1776715200

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