EUR/USD – 30M – SELL

Next a ‘Head and Shoulder chart pattern’ chart formation is found. The chart picture shows ‘Head and Shoulder chart pattern’. which is a negative pattern signal. The pair is likely to go down.

Next a ‘Bearish Engulfing’ candlestick pattern is existing. The chart forms ‘Bearish Engulfing’. this is a bearish signal. The currency 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%.

1.18481 – 1.18571 – 1.18494 – 1.18281 – 1.18045 – 1.18458 —
1.18261 – 1.17949 —
39.496441734688 – 20.238281649262 —
– —
1.18481 – 1771426800

Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish Engulfing – Head and Shoulder chart pattern – – – – – – – –