EUR/USD – 1H – SELL

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

The bearish trend downwards to the next support at 1.15549 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 1.16017 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.

Besides a ‘Three Outside Down’ candle chart pattern is existing. The chart shows ‘Three Outside Down’. this is a bearish signal. 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).

1.16017 – 1.16132 – 1.15955 – 1.15549 – 1.15762 – 1.15467 —
1.15724 – 1.16035 —
36.481536497186 – 59.531272483878 —
– —
1.16017 – 1764295200

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