EUR/USD – 30M – SELL

The combination Euro/US Dollar (EUR/USD) jumps from the bearish trendline downwards

A continuation of the downward movement down to the next support level at 1.13806 is expected.

Caution: A possible change in the direction of the resistance zone at 1.14302 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair could go down.

Next a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair could go down.

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

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.13832 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 1.14302 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Matching Low’ candle pattern is detected. The chart shows ‘Matching Low’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

1.14302 – 1.14147 – 1.14336 – 1.13806 – 1.13791 – 1.13538 —
1.14251 – 1.14168 —
59.762627421579 – 45.46591259913 —
– —
1.14302 – 1782761400

Trading Signals: FOREX – EUR – EUR/USD – USD – Matching Low – – – – – – – – –