EUR/USD – 4H – SELL

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

A continuation of the downtrend downwards to the next support at 1.16586 will persist.

Caution: A possible trend reversal in the direction of the resistance line at 1.18077 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘MACD crosses below signal’ indicator layout is existing. The indicator is ‘MACD crosses below signal’. which could be a negative chart scenario. The pair is likely to go down.

And also a ‘Matching Low’ chart pattern is detected. The candles show ‘Matching Low’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

1.18077 – 1.18037 – 1.17624 – 1.16586 – 1.17025 – 1.17027 —
1.16906 – 1.17172 —
28.248516059938 – 40.961881627517 —
1.16586 – 1767614400 —
1.18077 – 1766548800

Trading Signals: FOREX – EUR – EUR/USD – USD – Matching Low – – – – – – – – –