EUR/USD – 30M – SELL

The pair Euro/US Dollar (EUR/USD) jumps from the bullish trendline down.

A bearish trend downwards to the next support at 1.17446 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 1.17779 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘StochRSI %K falls below 0.8’ indicator signal is detected. The indicator shows ‘StochRSI %K falls below 0.8’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 1.173615 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 1.17779 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Southern Doji’ candlestick pattern is discovered. The chart forms ‘Southern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

1.17779 – 1.1763 – 1.17963 – 1.17446 – 1.17414 – 1.16896 —
1.17699 – 1.17775 —
60.09789898054 – 50.474999515625 —
– —
1.17779 – 1778157000

Trading Signals: FOREX – EUR – EUR/USD – USD – Southern Doji – – – – – – – – –