EUR/USD – 30M – SELL

The combination Euro/US Dollar (EUR/USD) goes from the bearish trendline down.

A continuation of the downward movement downwards to the next support line at 1.16546 is expected.

Caution: A possible trend reversal in the direction of the resistance line at 1.17092 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The pair is likely to go down.

Furthermore a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bearish chart signal. The pair is likely to go down.

Furthermore a ‘Southern Doji’ chart pattern is found. The candles show ‘Southern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

1.1689 – 1.17092 – 1.17201 – 1.16546 – 1.16609 – 1.1677 —
1.16905 – 1.17052 —
53.808525621502 – 59.032985203471 —
– —
1.1689 – 1777518000

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