EUR/USD – 1H – SELL

In addition a ‘StochOSC Hidden Bearish Divergence’ indicator signal is detected. The indicator shows ‘StochOSC Hidden Bearish Divergence’. chart scenario.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 1.172545 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 1.17963 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Three Outside Down’ candlestick chart pattern is detected. The chart shows ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.17963 – 1.17849 – 1.17412 – 1.1676 – 1.17149 – 1.17184 —
1.17682 – 1.17769 —
63.674086205133 – 64.707782107138 —
– —
1.17963 – 1778072400

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