EUR/USD – 30M – SELL

The combination Euro/US Dollar (EUR/USD) goes from the descending trendline downwards

A continuation of the downward movement downwards to the next support line at 1.16885 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 1.17385 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

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

And also a ‘Three Outside Down’ candlestick chart pattern is existing. The candles form ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.17385 – 1.17849 – 1.17412 – 1.16885 – 1.17149 – 1.17184 —
1.17026 – 1.17019 —
37.155116557826 – 45.507365367045 —
– —
1.17385 – 1777876200

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