EUR/USD – 1H – SELL

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

A continuation of the downward movement downwards to the next support level at 1.17901 is certain.

Caution: A possible counter-trend in the direction of resistance at 1.18377 could occur.
Consider stop-loss settings accordingly.

Also there is a ‘MACD crosses below signal’ indicator layout is discovered. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart signal. The currency pair is likely to fall.

Also there is a ‘Bearish Belt Hold’ candle chart pattern is found. The chart shows ‘Bearish Belt Hold’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

1.18377 – 1.18241 – 1.19543 – 1.17901 – 1.17797 – 1.17756 —
1.18043 – 1.18031 —
45.323566370875 – 46.708661252728 —
– —
1.18377 – 1770199200

Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish Belt Hold – – – – – – – – –