EUR/USD – 4H – SELL

Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 1.14994 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 1.16448 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Bearish Engulfing’ chart pattern is found. The chart shows ‘Bearish Engulfing’. which is a bearish chart scenario. 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%.

1.16448 – 1.16855 – 1.16525 – 1.14994 – 1.15942 – 1.16064 —
1.15435 – 1.15777 —
38.736178669381 – 42.231529676163 —
1.14994 – 1780920000 —
1.16448 – 1780574400

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