EUR/USD – 30M – SELL

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

A continuation of the bearish trend down to the next support at 1.17756 is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.18241 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair is likely to fall.

And also a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

And also a ‘Bearish Engulfing’ chart pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

1.18241 – 1.18709 – 1.19543 – 1.17756 – 1.18407 – 1.18394 —
1.18063 – 1.18209 —
45.247214118574 – 60.890347578663 —
– —
1.18241 – 1770111000

Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish Engulfing – – – – – – – – –