EUR/USD – 30M – SELL

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

A bearish descent down to the next support line at 1.15467 is likely expected.

Caution: A possible change in the direction of resistance at 1.16145 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘MACD crosses below signal’ indicator signal is discovered. The indicator is ‘MACD crosses below signal’. this is usually a bearish signal. The currency pair is likely to fall.

Moreover a ‘Three Outside Down’ candle pattern is detected. The candles show ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.16005 – 1.15955 – 1.15855 – 1.15467 – 1.15654 – 1.15112 —
1.15961 – 1.16127 —
57.374118789347 – 68.324764817919 —
– —
1.16005 – 1764181800

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