EUR/USD – 1H – SELL

There is also a ‘Double bottom retreat down’ chart layout is discovered. The chart picture forms ‘Double bottom retreat down’. which is a negative pattern signal. The pair is likely to go down.

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

A descent downwards to the next support level at 1.15467 is likely expected.

Caution: A possible change in the direction of the resistance zone at 1.16533 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Northern Doji’ candlestick chart pattern is discovered. The candles show ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.15955 – 1.15501 – 1.15522 – 1.15467 – 1.15112 – 1.14908 —
1.15969 – 1.16049 —
62.809714921759 – 60.74078859519 —
– —
1.15955 – 1764144000

Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – Double bottom retreat down – – – – – – – –