EUR/USD – 1H – SELL

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

A continuation of the downtrend downwards to the next support line at is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 1.16543 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair is likely to fall.

In addition a ‘Three Outside Down’ candlestick pattern is found. The candles form ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.16543 – 1.18264 – 1.18285 – 1.15298 – 1.16713 – 1.17735 —
1.16432 – 1.16450 —
53.589653888038 – 57.759215331746 —
– —
1.16543 – 1772629200

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