EUR/USD – 1H – SELL

The currency pair Euro/US Dollar (EUR/USD) goes from the bearish trendline down.

A continuation of the downward movement down to the next support at 1.18045 is certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.187 is also possible.
Consider stop-loss settings accordingly.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The currency pair is likely to fall.

Additionally a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bearish signal. The pair is likely to go down.

Additionally a ‘Three Black Crows’ candlestick pattern is existing. The chart forms ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

1.187 – 1.18846 – 1.18895 – 1.18045 – 1.18467 – 1.18558 —
1.18351 – 1.18571 —
43.885570872873 – 55.746122439646 —
– —
1.187 – 1771236000

Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows – – – – – – – – –