EUR/USD – 30M – SELL

In addition a ‘%K crosses below %D’ indicator layout is discovered. The indicator shows ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.152945 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 1.15827 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Outside Down’ candlestick chart pattern is discovered. The chart shows ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to go down. 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).

1.15827 – 1.15907 – 1.15525 – 1.15407 – 1.15413 – 1.15292 —
1.15480 – 1.15643 —
40.821424054297 – 53.14242531109 —
1.15407 – 1762801200 —
1.15827 – 1762770600

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