EUR/USD – 30M – SELL

The combination Euro/US Dollar (EUR/USD) goes from the descending trendline down.

A continuation of the downward movement down to the next support level at is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.17927 could happen.
Consider stop-loss settings accordingly.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.

Also there is a ‘Matching Low’ chart pattern is discovered. The chart shows ‘Matching Low’. which is a positive 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 ‘Matching Low’ heading up is 61% (Bull & Bear Market).

1.17927 – 1.17959 – 1.18096 – 1.17656 – 1.17676 – 1.17741 —
1.17806 – 1.17809 —
42.318846281008 – 50.046418538569 —
– —
1.17927 – 1771932600

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