EUR/USD – 4H – SELL

The pair Euro/US Dollar (EUR/USD) moves from the descending trendline down.

A continuation of the downtrend down to the next support line at 1.15025 is considered certain.

Caution: A possible trend reversal in the direction of the resistance line at 1.16216 should always be considered.
Consider stop-loss settings accordingly.

Besides a ‘MACD crosses below signal’ indicator layout is found. The indicator shows ‘MACD crosses below signal’. which could be a negative chart signal. The currency pair could go down.

Besides a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.

Besides a ‘Three Black Crows’ chart pattern is discovered. The candles form ‘Three Black Crows’. 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 probability of ‘Three Black Crows’ heading down is 82%.

1.16216 – 1.15777 – 1.16448 – 1.15025 – 1.14994 – 1.15942 —
1.15947 – 1.16157 —
54.630001723085 – 57.616187886193 —
– —
1.16216 – 1781510400

Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows – – – – – – – – –