EUR/USD – 1H – SELL

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

A continuation of the downward movement down to the next support level at 1.13862 is considered certain.

Caution: A possible change in the direction of the resistance level at 1.14353 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 1.13863106 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 1.14353 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Three Outside Down’ candle chart pattern is found. The chart shows ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. 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).

1.14353 – 1.14388 – 1.14947 – 1.13862 – 1.13713 – 1.14042

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