EUR/USD – 30M – SELL

The pair Euro/US Dollar (EUR/USD) goes from the bearish trendline down.

A continuation of the bearish trend downwards to the next support line at 1.17735 will continue.

Caution: A possible trend reversal in the direction of the resistance level at 1.18164 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Moreover a ‘Tweezers Top’ chart pattern is detected. The chart forms ‘Tweezers Top’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

1.18164 – 1.18285 – 1.18139 – 1.17735 – 1.17706 – 1.1771 —
1.17995 – 1.18028 —
51.488911586088 – 54.790008260995 —
– —
1.18164 – 1772118000

Trading Signals: FOREX – EUR – EUR/USD – USD – Tweezers Top – – – – – – – – –