EUR/USD – 30M – SELL

The combination Euro/US Dollar (EUR/USD) moves from the descending trendline down.

A continuation of the bearish trend down to the next support at 1.16724 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 1.1689 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Moreover a ‘Bearish Engulfing’ chart pattern is existing. The chart forms ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

1.1689 – 1.17161 – 1.17117 – 1.16724 – 1.16687 – 1.16787 —
1.16798 – 1.16935 —
39.423581321173 – 58.16817091431 —
– —
1.1689 – 1777006800

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