EUR/USD – 1H – SELL

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

A continuation of the downtrend down to the next support line at 1.16687 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 1.17161 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair is likely to fall.

And also a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

And also a ‘Two Crows’ candle chart pattern is detected. The candles show ‘Two Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

1.17161 – 1.17622 – 1.17906 – 1.16687 – 1.17188 – 1.17289 —
1.16812 – 1.17182 —
37.145453270806 – 64.066020016741 —
– —
1.17161 – 1776963600

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