EUR/USD – 30M – BUY

Besides a ‘Double top chart pattern’ chart layout is found. The chart forms ‘Double top chart pattern’. which is a bearish signal. The pair is likely to go down.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair is likely to fall.

Besides a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.13915016 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support line at 1.14388 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Matching Low’ candle pattern is detected. The candles show ‘Matching Low’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

1.14305 – 1.14388 – 1.14309 – 1.13862 – 1.13713 – 1.14308

Trading Signals: FOREX – EUR – EUR/USD – USD – Matching Low