EUR/USD – 30M – SELL

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

A bearish descent downwards to the next support level at 1.17797 is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 1.18284 is also possible.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The currency pair could go down.

Furthermore a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

Furthermore a ‘Tweezers Top’ candlestick pattern is discovered. The candles show ‘Tweezers Top’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

1.18284 – 1.18241 – 1.18709 – 1.17797 – 1.17756 – 1.18407 —
1.18243 – 1.18261 —
62.72282811719 – 61.383004920952 —
– —
1.18284 – 1770145200

Trading Signals: FOREX – EUR – EUR/USD – USD – Tweezers Top – – – – – – – – –