EUR/USD – 1H – SELL

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

A continuation of the downtrend downwards to the next support at will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 1.17541 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair is likely to fall.

Next a ‘%K crosses below %D’ indicator signal is found. The indicator is ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair is likely to fall.

Next a ‘Tweezers Top’ candle chart pattern is found. The candles form ‘Tweezers Top’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

1.17541 – 1.17644 – 1.17589 – 1.17129 – 1.17197 – 1.1749 —
1.16906 – 1.17250 —
35.44013069681 – 61.2813041865 —
– —
1.17541 – 1767376800

Trading Signals: FOREX – EUR – EUR/USD – USD – Tweezers Top – – – – – – – – –