EUR/USD – 1H – SELL

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

A continuation of the downtrend downwards to the next support at 1.16546 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.17201 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair could go down.

Furthermore a ‘Matching Low’ candle chart pattern is discovered. The candles show ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

1.17201 – 1.17545 – 1.17161 – 1.16546 – 1.16609 – 1.1677 —
1.17191 – 1.17397 —
59.699904903264 – 67.329253714307 —
– —
1.17201 – 1777431600

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