EUR/USD – 30M – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.

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

A bearish movement downwards to the next support at 1.15231 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.15496 should be noted.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The pair is likely to go down.

Furthermore a ‘%K crosses below %D’ indicator signal is found. The indicator is ‘%K crosses below %D’. which is often a bearish chart signal. The pair is likely to go down.

Furthermore a ‘MACD crosses below signal’ indicator signal is found. The indicator is ‘MACD crosses below signal’. which is often a bearish chart signal. The pair is likely to go down.

Furthermore a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.15213654 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.15496 should be noted.
Consider stop-loss settings accordingly.

1.15496 – 1.15417 – 1.15905 – 1.15231 – 1.15008 – 1.15095 —
1.15400 – 1.15522 —
57.965984146609 – 64.304542588093 —
– —
1.15496 – 1763656200

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