EUR/USD – 30M – SELL

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

A continuation of the bearish trend down to the next support line at 1.16406 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 1.16816 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

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

Furthermore a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.16406 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support zone at 1.16816 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Two Crows’ candlestick chart pattern is detected. The chart forms ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

1.16816 – 1.16773 – 1.16749 – 1.16406 – 1.16518 – 1.16526 —
1.16681 – 1.16510 —
67.70319272982 – 45.977746484458 —
– —
1.16816 – 1764844200

Trading Signals: FOREX – EUR – EUR/USD – USD – Two Crows – – – – – – – – –