EUR/USD – 1H – SELL

In addition a ” indicator signal is detected. The indicator shows ”. this is usually a bearish signal. The currency pair is likely to fall.

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In addition a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair is likely to fall.

In addition a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.16750476 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of support at 1.17214 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Bearish Belt Hold’ candlestick pattern is discovered. The candles form ‘Bearish Belt Hold’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

1.17214 – 1.15712 – 1.15636 – 1.16429 – 1.15237 – 1.15048 —
1.16788 – 1.17136 —
57.225228120757 – 69.803238506723 —
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1.17214 – 1775664000

Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish Belt Hold – Rising Wedge Chart Pattern – – – – – – – –