EUR/USD – 1H – SELL

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

A bearish trend downwards to the next support line at 1.15626 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 1.16533 could happen.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The currency pair is likely to fall.

In addition a ‘MACD crosses below signal’ indicator layout is discovered. The indicator shows ‘MACD crosses below signal’. which is often a bearish signal. The currency pair is likely to fall.

In addition a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which could be a negative chart signal. 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 is considered certain. Target of the current trend is 1.15672736 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 1.16533 could happen.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three Outside Down’ candlestick pattern is found. The chart forms ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.16533 – 1.15974 – 1.16053 – 1.15816 – 1.15626 – 1.15407 —
1.15994 – 1.16019 —
44.513379037381 – 55.144438745372 —
– —
1.16533 – 1763132400

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