EUR/USD – 30M – SELL

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

A continuation of the downtrend down to the next support level at 1.16327 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 1.16613 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The pair is likely to go down.

Furthermore a ‘%K crosses below %D’ indicator layout is detected. The indicator shows ‘%K crosses below %D’. this is usually a bearish chart signal. The pair is likely to go down.

Furthermore a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair could go down.

Furthermore a ‘Three Inside Down’ candlestick pattern is existing. The chart forms ‘Three Inside Down’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

1.16613 – 1.16773 – 1.1698 – 1.16327 – 1.1635 – 1.16405 —
1.16347 – 1.16389 —
37.066965676087 – 52.203075416068 —
– —
1.16613 – 1768413600

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