EUR/USD – 30M – SELL

The currency pair Euro/US Dollar (EUR/USD) moves from the bullish trendline down.

A descending movement down to the next support at 1.15661 is certain.

Caution: A possible counter-trend in the direction of the resistance zone at 1.15891 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three Outside Down’ candlestick pattern is discovered. The candles form ‘Three Outside Down’. which is a bearish pattern 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’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.15891 – 1.15894 – 1.15551 – 1.15661 – 1.15567 – 1.15025 —
1.15687 – 1.16114 —
45.601718453205 – 68.196266038279 —
1.15661 – 1781307000 —
1.15891 – 1781265600

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