EUR/USD – 30M – SELL

The pair Euro/US Dollar (EUR/USD) moves from the descending trendline down.

A continuation of the bearish trend downwards to the next support level at 1.13862 is considered certain.

Caution: A possible change in the direction of the resistance level at 1.14388 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a negative chart signal. The pair is likely to go down.

Additionally a ‘Three Outside Down’ candlestick chart pattern is detected. The chart forms ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.14305 – 1.14388 – 1.14309 – 1.13862 – 1.13713 – 1.14308

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