EUR/USD – 30M – SELL

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

The bearish trend down to the next support line at 1.14841 is certain.

Caution: A possible change in the direction of the resistance zone at 1.16394 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The currency pair could go up.

And also a ‘Bearish Engulfing’ candlestick chart pattern is detected. The candles form ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

1.16394 – 1.15715 – 1.15804 – 1.14841 – 1.15343 – 1.15242 —
1.16129 – 1.15960 —
57.819035698653 – 46.542435747516 —
– —
1.16394 – 1774287000

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