EUR/USD – 30M – SELL

The currency pair Euro/US Dollar (EUR/USD) moves from the bullish trendline down.

A bearish trend downwards to the next support at 1.17799 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.18083 could happen.
Consider stop-loss settings accordingly.

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The pair is likely to go down.

And also a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.1793388 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support zone at 1.18083 could happen.
Consider stop-loss settings accordingly.

And also a ‘Southern Doji’ chart pattern is found. The candles show ‘Southern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

1.18083 – 1.18078 – 1.18377 – 1.17799 – 1.17825 – 1.17901 —
1.17919 – 1.18162 —
46.289694795995 – 50.372046031983 —
– —
1.18083 – 1770285600

Trading Signals: FOREX – EUR – EUR/USD – USD – Southern Doji – – – – – – – – –