EUR/USD – 4H – SELL

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

A continuation of the downtrend downwards to the next support at 1.1676 will persist.

Caution: A possible change in the direction of resistance at 1.17849 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

Besides a ‘Bearish Engulfing’ candlestick pattern is existing. The chart shows ‘Bearish Engulfing’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

1.17849 – 1.17545 – 1.18487 – 1.1676 – 1.16546 – 1.16687 —
1.17038 – 1.17536 —
45.66505108891 – 59.766619289682 —
– —
1.17849 – 1777651200

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