EUR/USD – 1H – SELL

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

A continuation of the downward movement downwards to the next support level at is expected.

Caution: A possible change in the direction of the resistance level at 1.17849 could be enabled.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair could go down.

Furthermore a ‘Three Outside Down’ chart pattern is existing. The candles show ‘Three Outside Down’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.17849 – 1.17412 – 1.17201 – 1.1676 – 1.17149 – 1.17184 —
1.16963 – 1.17132 —
43.349466997706 – 59.579062697143 —
– —
1.17849 – 1777654800

Trading Signals: FOREX – EUR – EUR/USD – USD – Three Outside Down – – – – – – – – –