EUR/USD – 1H – SELL

Furthermore a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 1.18326 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 1.18700 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Black Crows’ candlestick chart pattern is detected. The chart forms ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

1.18700 – 1.18846 – 1.18895 – 1.18467 – 1.18558 – 1.18519 —
1.18700 – 1.18566 —
49.13838237208 – 41.121683062578 —
1.18700 – 1771236000 —
– 1771236000

Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows – Symmetrical Triangle Chart Pattern – – – – – – – –