EUR/USD – 1H – SELL

The pair Euro/US Dollar (EUR/USD) moves from the bullish trendline downwards

A bearish movement down to the next support line at 1.15816 is certain.

Caution: A possible counter-trend in the direction of the resistance zone at 1.16533 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

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

In addition a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 1.15672736 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support line at 1.16533 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.16533 – 1.15974 – 1.16053 – 1.15816 – 1.15626 – 1.15407 —
1.15897 – 1.15994 —
39.920096609794 – 44.513379930188 —
– —
1.16533 – 1763132400

Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – – – – –