EUR/USD – 1H – SELL

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

A continuation of the downtrend down to the next support line at 1.15008 will continue.

Caution: A possible change in the direction of the resistance level at 1.15496 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘%K fall below 80’ indicator layout is detected. The indicator is ‘%K fall below 80’. which could be a negative signal. The currency pair is likely to fall.

Additionally a ‘Three Black Crows’ candle pattern is detected. The chart shows ‘Three Black Crows’. 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 chance of ‘Three Black Crows’ heading down is 82%.

1.15496 – 1.15969 – 1.16073 – 1.15008 – 1.1571 – 1.15816 —
1.15386 – 1.15424 —
52.25387068722 – 42.611070071402 —
– —
1.15496 – 1763654400

Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows – – – – –