EUR/USD – 4H – SELL

The pair Euro/US Dollar (EUR/USD) jumps from the bearish trendline downwards

A continuation of the bearish trend down to the next support line at 1.17651 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 1.19282 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair is likely to fall.

Also there is a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 1.1695898 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of support at 1.19282 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Southern Doji’ candle pattern is discovered. The chart shows ‘Southern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

1.19282 – 1.18377 – 1.20821 – 1.18326 – 1.17651 – 1.17756 —
1.18469 – 1.18460 —
39.419082984311 – 42.178449977518 —
– —
1.19282 – 1770739200

Trading Signals: FOREX – EUR – EUR/USD – USD – Southern Doji – – – – – – – – –