EUR/USD – 30M – SELL

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

A continuation of the bearish trend down to the next support at 1.17289 is expected.

Caution: A possible change in the direction of the resistance line at 1.18487 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘StochOSC Hidden Bearish Divergence’ indicator signal is detected. The indicator shows ‘StochOSC Hidden Bearish Divergence’. chart scenario.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.17289 at the Fibonacci level 1-Level. Caution: A possible change in the direction of support at 1.18487 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three Outside Down’ candle chart pattern is discovered. The chart shows ‘Three Outside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.18487 – 1.17874 – 1.18235 – 1.17289 – 1.17717 – 1.17666 —
1.17563 – 1.17606 —
39.847564555753 – 45.988202891877 —
– —
1.18487 – 1776441600

Trading Signals: FOREX – EUR – EUR/USD – USD – Three Outside Down – – – – – – – – –