EUR/USD – 30M – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.

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

A descent downwards to the next support line at 1.15661 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 1.16172 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The pair is likely to go down.

Additionally a ‘Bearish Engulfing’ chart pattern is existing. The candles show ‘Bearish Engulfing’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

1.16172 – 1.15891 – 1.15894 – 1.15661 – 1.15567 – 1.15025 —
1.16085 – 1.16090 —
66.935167394113 – 56.775825914987 —
– —
1.16172 – 1781485200

Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish Engulfing – Rising Wedge Chart Pattern – – – – – – – –