EUR/USD – 30M – SELL

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 1.136995 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 1.14246 should be noted.
Consider stop-loss settings accordingly.

Then a ‘Three Outside Down’ candle chart pattern is found. The chart forms ‘Three Outside Down’. this is a bearish pattern signal. 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’ going down is 69% (Bull Market) & 70% (Bear Market).

Then a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.

1.14246 – 1.13805 – 1.13883 – 1.13291 – 1.13395 – 1.13326

Download EUR/USD Signal Image

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