EUR/USD – 30M – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.

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

A descending movement downwards to the next support at 1.15967 will continue.

Caution: A possible counter-trend in the direction of the resistance level at 1.16216 could be enabled.
Consider stop-loss settings accordingly.

Moreover a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Moreover a ‘Three Outside Down’ candle pattern is found. The chart forms ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.16216 – 1.16172 – 1.15891 – 1.15967 – 1.15661 – 1.15567 —
1.16111 – 1.16201 —
59.221830046576 – 64.11900079926 —
– —
1.16216 – 1781510400

Trading Signals: FOREX – EUR – EUR/USD – USD – Three Outside Down – Rising Wedge Chart Pattern – – – – – – – –