EUR/USD – 30M – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.

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

A bearish descent downwards to the next support at is considered certain.

Caution: A possible change in the direction of the resistance zone at 1.18294 could occur.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.

Moreover a ‘Three Black Crows’ candle chart pattern is found. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

1.18294 – 1.18073 – 1.17504 – 1.17672 – 1.17074 – 1.17113

Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows – Rising Wedge Chart Pattern