EUR/USD – 30M – SELL

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

A bearish descent downwards to the next support line at 1.16331 is expected.

Caution: A possible trend reversal in the direction of the resistance line at 1.16716 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Northern Doji’ candlestick chart pattern is existing. The chart forms ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.16716 – 1.16598 – 1.16715 – 1.16331 – 1.1616 – 1.16406 —
1.16492 – 1.16440 —
52.886893403277 – 40.698619137875 —
– —
1.16716 – 1765180800

Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – – – – – – – – –