EUR/USD – 4H – SELL

The combination Euro/US Dollar (EUR/USD) moves from the bearish trendline down.

A continuation of the bearish trend down to the next support at 1.18326 is expected.

Caution: A possible trend reversal in the direction of resistance at 1.19282 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Three Outside Down’ candle pattern is existing. The candles form ‘Three Outside Down’. 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 chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.19282 – 1.18377 – 1.20821 – 1.18326 – 1.17651 – 1.17756 —
1.18870 – 1.18823 —
52.978039652858 – 51.175455260794 —
– —
1.19282 – 1770739200

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