EUR/USD – 30M – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to fall.

The pair Euro/US Dollar (EUR/USD) moves from the ascending trendline downwards

The bearish trend down to the next support line at 1.17184 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 1.17622 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The pair is likely to go down.

Moreover a ‘StochOSC Bearish Divergence’ indicator layout is existing. The indicator is ‘StochOSC Bearish Divergence’. this is usually a bearish chart scenario. The pair is likely to go down.

Moreover a ‘Two Crows’ candle pattern is detected. The chart shows ‘Two Crows’. 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 probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

1.17412 – 1.1689 – 1.17092 – 1.17184 – 1.17238 – 1.16546 —
1.17454 – 1.17849 —
61.182619519377 – 71.105431862615 —
– —
1.17412 – 1777586400

Trading Signals: FOREX – EUR – EUR/USD – USD – Two Crows – Rising Wedge Chart Pattern – – – – – – – –