EUR/USD – 1H – SELL

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

A descent downwards to the next support level at 1.16699 will continue.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.17425 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

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

Next a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.

Next a ‘Three Outside Down’ chart pattern is discovered. The candles show ‘Three Outside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.17425 – 1.17683 – 1.16613 – 1.16699 – 1.17104 – 1.15766 —
1.17552 – 1.17535 —
76.399920877357 – 67.299846023997 —
– —
1.17425 – 1769007600

Trading Signals: FOREX – EUR – EUR/USD – USD – Three Outside Down – – – – – – – – –