EUR/USD – 30M – SELL

The pair Euro/US Dollar (EUR/USD) goes from the descending trendline downwards

A continuation of the bearish trend down to the next support at 1.17666 will persist.

Caution: A possible change in the direction of the resistance line at 1.17874 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The pair is likely to go down.

In addition a ‘Bearish Belt Hold’ candle pattern is found. The chart forms ‘Bearish Belt Hold’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

1.17874 – 1.18235 – 1.18076 – 1.17666 – 1.17716 – 1.17784 —
1.17794 – 1.17839 —
42.073387742165 – 52.904959762802 —
– —
1.17874 – 1776387600

Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish Belt Hold – – – – – – – – –