EUR/USD – 30M – SELL

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

A continuation of the bearish trend down to the next support at 1.15456 is considered certain.

Caution: A possible change in the direction of the resistance line at 1.16210 could be enabled.
Consider stop-loss settings accordingly.

Moreover a ‘RSI Hidden Bearish Divergence’ indicator signal is discovered. The indicator shows ‘RSI Hidden Bearish Divergence’. signal.

Moreover a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.

Moreover a ‘Bearish Engulfing’ candlestick chart pattern is existing. The candles show ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

1.16210 – 1.16209 – 1.16442 – 1.15456 – 1.15584 – 1.1581 —
1.16210 – 1.16158 —
59.6872959226 – 59.997106207692 —
1.16210 – 1772827200 —
– 1772827200

Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish Engulfing – – – – – – – – –