EUR/USD – 30M – SELL

Besides a ‘Rising Wedge Chart Pattern’ chart formation is existing. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The pair is likely to go down.

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

A descent downwards to the next support line at is expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.17504 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.16961434 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.17504 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Southern Doji’ chart pattern is existing. The candles show ‘Southern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

1.17504 – 1.17383 – 1.17536 – 1.17113 – 1.16875 – 1.16831

Trading Signals: FOREX – EUR – EUR/USD – USD – Southern Doji – Rising Wedge Chart Pattern