EUR/USD – 1H – SELL

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

A continuation of the downward movement downwards to the next support level at 1.17184 will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 1.17849 could occur.
Consider stop-loss settings accordingly.

There is also a ‘Bearish Engulfing’ candle pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

1.17849 – 1.17412 – 1.17201 – 1.17184 – 1.16546 – 1.16609 —
1.17568 – 1.17330 —
51.850591016195 – 46.823744877189 —
– —
1.17849 – 1777654800

Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish Engulfing – – – – – – – – –