EUR/USD – 1H – BUY

Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The pair is likely to go down.

Also there is a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 1.17289 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support level at 1.17906 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Three Outside Down’ chart pattern is found. The chart forms ‘Three Outside Down’. which 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 likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.17906 – 1.18487 – 1.17874 – 1.17289 – 1.17717 – 1.17666 —
1.17798 – 1.17711 —
47.401136203596 – 45.141090192446 —
– —
1.17906 – 1776736800

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