EUR/USD – 4H – SELL

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The pair is likely to go down.

Furthermore a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.1695898 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of support at 1.19282 should be noted.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Outside Down’ candlestick pattern is found. The candles show ‘Three Outside Down’. which is a bearish 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 ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.19282 – 1.18377 – 1.20821 – 1.18326 – 1.17651 – 1.17756 —
1.18686 – 1.18494 —
47.836172733623 – 42.355680870688 —
– —
1.19282 – 1770739200

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