EUR/USD – 1H – SELL

The currency pair Euro/US Dollar (EUR/USD) moves from the ascending trendline downwards

A bearish movement downwards to the next support at 1.185 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 1.20821 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair could go down.

In addition a ‘Bearish Engulfing’ candlestick pattern is detected. The chart shows ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

1.20821 – 1.19065 – 1.18972 – 1.185 – 1.18345 – 1.16699 —
1.20067 – 1.19804 —
61.862918755913 – 45.464525120823 —
– —
1.20821 – 1769551200

Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish Engulfing – – – – – – – – –