EUR/USD – 1H – SELL

The combination Euro/US Dollar (EUR/USD) goes from the bearish trendline downwards

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

Caution: A possible counter-trend in the direction of the resistance level at 1.18846 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

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

Furthermore a ‘MACD crosses below signal’ indicator signal is detected. The indicator shows ‘MACD crosses below signal’. which is often a bearish chart signal. The pair is likely to go down.

Furthermore a ‘Bearish Engulfing’ candlestick pattern is existing. The candles show ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

1.18846 – 1.18895 – 1.19269 – 1.18467 – 1.18558 – 1.18519 —
1.18696 – 1.18661 —
50.60636477045 – 48.866327231764 —
– —
1.18846 – 1770994800

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