EUR/USD – 1H – SELL

Besides a ‘Double bottom retreat down’ chart formation is found. The chart picture forms ‘Double bottom retreat down’. which is a bearish signal. The pair is likely to go down.

The pair Euro/US Dollar (EUR/USD) goes from the ascending trendline downwards

A bearish trend down to the next support at 1.15549 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.16132 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘%K crosses below %D’ indicator layout is existing. The indicator is ‘%K crosses below %D’. this is usually a bearish chart signal. The pair is likely to go down.

Besides a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.1591372 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.16132 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Northern Doji’ candlestick pattern is found. The candles form ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.16017 – 1.16132 – 1.15955 – 1.15549 – 1.15762 – 1.15467 —
1.16040 – 1.16069 —
60.136340724869 – 59.467462346701 —
– —
1.16017 – 1764295200

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