EUR/USD – 30M – SELL

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

A descent downwards to the next support level at 1.17716 is likely expected.

Caution: A possible change in the direction of the resistance level at 1.18107 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

Next a ‘Southern Doji’ chart pattern is found. The chart shows ‘Southern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

1.18076 – 1.1799 – 1.18015 – 1.17716 – 1.17784 – 1.17871 —
1.18089 – 1.18114 —
56.964978792666 – 57.429016172244 —
– —
1.18076 – 1776276000

Trading Signals: FOREX – EUR – EUR/USD – USD – Southern Doji – – – – – – – – –