EUR/USD – 30M – SELL

The pair Euro/US Dollar (EUR/USD) jumps from the descending trendline downwards

A continuation of the downward movement down to the next support level at 1.15858 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.16644 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

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

1.16644 – 1.1654 – 1.16561 – 1.16412 – 1.16245 – 1.16445 —
1.16478 – 1.16223 —
42.334512324047 – 34.504510670248 —
– —
1.16644 – 1780306200

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