EUR/USD – 30M – SELL

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

A continuation of the bearish trend downwards to the next support line at is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 1.18895 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair could go down.

Furthermore a ‘Matching Low’ candle pattern is existing. The chart forms ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

1.18895 – 1.18875 – 1.18842 – 1.18558 – 1.18519 – 1.18326 —
1.18706 – 1.18698 —
47.637743194429 – 47.092061609054 —
– —
1.18895 – 1770919200

Trading Signals: FOREX – EUR – EUR/USD – USD – Matching Low – – – – – – – – –