EUR/USD – 30M – SELL

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

A continuation of the bearish trend down to the next support level at 1.17188 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 1.17622 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Outside Down’ candle chart pattern is discovered. The candles form ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.17622 – 1.17756 – 1.17906 – 1.17188 – 1.17466 – 1.17289 —
1.17622 – 1.17540 —
58.760518609354 – 54.764929103617 —
1.17622 – 1776844800 —
– 1776844800

Trading Signals: FOREX – EUR – EUR/USD – USD – Three Outside Down – – – – – – – – –