EUR/USD – 4H – SELL

The pair Euro/US Dollar (EUR/USD) moves from the bullish trendline down.

A descent down to the next support level at 1.15048 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 1.18487 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Two Crows’ chart pattern is detected. The candles form ‘Two Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

1.18487 – 1.16267 – 1.16394 – 1.17289 – 1.15048 – 1.14428 —
1.17165 – 1.16882 —
33.117813881886 – 33.131439877407 —
– —
1.18487 – 1776441600

Trading Signals: FOREX – EUR – EUR/USD – USD – Two Crows – – – – – – – – –