EUR/USD – 1H – SELL

The combination Euro/US Dollar (EUR/USD) moves from the ascending trendline down.

A descending movement downwards to the next support at 1.1676 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 1.17906 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.

Then a ‘Three Black Crows’ candle pattern is existing. The candles form ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

1.17849 – 1.17412 – 1.17201 – 1.1676 – 1.17149 – 1.17184 —
1.17425 – 1.17913 —
73.24596860212 – 70.369058374841 —
– —
1.17849 – 1777654800

Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows – – – – – – – – –