EUR/USD – 30M – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.

The pair Euro/US Dollar (EUR/USD) moves from the bullish trendline down.

A bearish movement downwards to the next support level at 1.17289 is considered certain.

Caution: A possible change in the direction of resistance at 1.17906 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.

In addition a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.

In addition a ‘Bearish Engulfing’ candle chart pattern is discovered. The chart shows ‘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 chance of ‘Bearish Engulfing’ heading down is 79%.

1.17906 – 1.17899 – 1.18487 – 1.17466 – 1.17289 – 1.17717 —
1.17711 – 1.17419 —
46.20697427819 – 25.728387487655 —
– —
1.17906 – 1776736800

Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish Engulfing – Rising Wedge Chart Pattern – – – – – – – –