EUR/USD – 30M – SELL

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

A bearish descent down to the next support line at 1.17797 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 1.18377 should be noted.
Consider stop-loss settings accordingly.

Besides a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The pair is likely to go down.

Besides a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Besides a ‘Three Outside Down’ chart pattern is existing. The chart shows ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.18377 – 1.18284 – 1.18241 – 1.17901 – 1.17797 – 1.17756 —
1.18043 – 1.17902 —
47.612488203849 – 37.56745076215 —
– —
1.18377 – 1770199200

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