EUR/USD – 1H – SELL

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair could go down.

Furthermore a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 1.14010952 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 1.14475 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Outside Down’ candle pattern is discovered. The candles form ‘Three Outside Down’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.14475 – 1.1462 – 1.14723 – 1.1408 – 1.14201 – 1.1382 —
1.14337 – 1.14290 —
51.221839632398 – 46.703921283072 —
– —
1.14475 – 1783389600

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