EUR/USD – 4H – SELL

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

A continuation of the bearish trend down to the next support line at 1.13713 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 1.1667 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Bearish Engulfing’ candle chart pattern is detected. The chart shows ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

1.1667 – 1.18285 – 1.18343 – 1.15069 – 1.15298 – 1.17656 —
1.15551 – 1.15061 —
37.243558738245 – 27.912748915933 —
– —
1.1667 – 1773172800

Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish Engulfing – – – – – – – – –