EUR/USD – 30M – SELL

The combination Euro/US Dollar (EUR/USD) jumps from the bearish trendline down.

A continuation of the bearish trend downwards to the next support line at 1.15927 is likely expected.

Caution: A possible change in the direction of the resistance level at 1.1617 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Outside Down’ chart pattern is existing. The candles show ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.1617 – 1.16406 – 1.16613 – 1.15927 – 1.16256 – 1.16327 —
1.16151 – 1.16099 —
39.846787643631 – 44.235954520256 —
– —
1.16170 – 1768510800

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