EUR/USD – 4H – SELL

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

A continuation of the bearish trend down to the next support line at 1.15025 is certain.

Caution: A possible change in the direction of the resistance zone at 1.16448 should be noted.
Consider stop-loss settings accordingly.

There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The currency pair is likely to fall.

There is also a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 1.15392254 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of support at 1.16448 should be noted.
Consider stop-loss settings accordingly.

There is also a ‘Shooting Star’ candle chart pattern is found. The chart forms ‘Shooting Star’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).

1.15777 – 1.16448 – 1.16855 – 1.15025 – 1.14994 – 1.15942 —
1.15891 – 1.16201 —
51.396530663264 – 57.893926153342 —
– —
1.15777 – 1781020800

Trading Signals: FOREX – EUR – EUR/USD – USD – Shooting Star – – – – – – – – –