EUR/USD – 1H – SELL

The combination Euro/US Dollar (EUR/USD) jumps from the descending trendline down.

A continuation of the downtrend down to the next support line at 1.16637 will persist.

Caution: A possible change in the direction of the resistance level at 1.17622 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair could go down.

Moreover a ‘Matching Low’ candle chart pattern is found. The candles form ‘Matching Low’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

1.17622 – 1.17906 – 1.18487 – 1.17188 – 1.17289 – 1.17717 —
1.17068 – 1.17087 —
31.833181470505 – 38.886118957061 —
– —
1.17622 – 1776844800

Trading Signals: FOREX – EUR – EUR/USD – USD – Matching Low – – – – – – – – –