EUR/USD – 1H – SELL

The combination Euro/US Dollar (EUR/USD) jumps from the ascending trendline downwards

A descending movement down to the next support level at 1.15567 is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 1.15891 could occur.
Consider stop-loss settings accordingly.

And also a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair could go down.

And also a ‘Matching Low’ candle pattern is existing. The candles form ‘Matching Low’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

1.15891 – 1.15894 – 1.15727 – 1.15567 – 1.15025 – 1.15253 —
1.15773 – 1.16090 —
55.396007028764 – 64.940374084139 —
– —
1.15891 – 1781265600

Trading Signals: FOREX – EUR – EUR/USD – USD – Matching Low – – – – – – – – –