EUR/USD – 1H – SELL

Next a ‘Double top retreat up’ chart layout is found. The chart picture forms ‘Double top retreat up’. which is a bullish signal. The currency pair is likely to go up.

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

A continuation of the bearish trend downwards to the next support at 1.14459 will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.15299 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Next a ‘Three Black Crows’ candle chart pattern is found. The candles show ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

1.15299 – 1.15797 – 1.16144 – 1.14459 – 1.14742 – 1.15422

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