EUR/USD – 30M – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.173615 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 1.17963 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Three Outside Down’ candlestick pattern is existing. The chart shows ‘Three Outside Down’. 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 likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.1763 – 1.17963 – 1.17132 – 1.17446 – 1.17414 – 1.16896 —
1.17564 – 1.17756 —
46.506858431541 – 69.074800319332 —
1.17446 – 1778146200 —
1.1763 – 1778128200

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