EUR/USD – 30M – SELL

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

A continuation of the downward movement down to the next support at 1.16936 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.17266 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Bearish Belt Hold’ candle pattern is detected. The chart shows ‘Bearish Belt Hold’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

1.17266 – 1.17545 – 1.1689 – 1.16936 – 1.16724 – 1.16687 —
1.17184 – 1.17160 —
35.910542378355 – 38.924577060838 —
– —
1.17266 – 1777345200

Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish Belt Hold – – – – – – – – –