EUR/USD – 30M – SELL

The pair Euro/US Dollar (EUR/USD) goes from the bullish trendline downwards

A descending movement down to the next support line at 1.15567 will continue.

Caution: A possible change in the direction of the resistance zone at 1.15891 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Three Outside Down’ candle chart pattern is existing. The chart forms ‘Three Outside Down’. this is a bearish pattern signal. 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’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.15891 – 1.15894 – 1.15551 – 1.15567 – 1.15025 – 1.15253 —
1.15774 – 1.16112 —
52.564191832007 – 71.902388295787 —
– —
1.15891 – 1781265600

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