EUR/USD – 1H – SELL

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

A continuation of the bearish trend down to the next support level at will continue.

Caution: A possible trend reversal in the direction of resistance at 1.16613 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The pair is likely to go down.

And also a ‘Shooting Star’ candlestick chart pattern is detected. The chart forms ‘Shooting Star’. 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 chance of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).

1.16613 – 1.16773 – 1.1698 – 1.15766 – 1.15927 – 1.16337 —
1.16340 – 1.16275 —
56.405648682665 – 55.443652012605 —
– —
1.16613 – 1768413600

Trading Signals: FOREX – EUR – EUR/USD – USD – Shooting Star – – – – – – – – –