EUR/USD – 1H – SELL

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

A bearish descent down to the next support level at 1.185 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.19065 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘ ‘ indicator layout is discovered. The indicator is ‘ ‘. this is usually a bearish chart scenario. The currency pair could go down.

In addition a ‘Bearish Engulfing’ candle pattern is found. The chart shows ‘Bearish Engulfing’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

1.19065 – 1.18972 – 1.1759 – 1.185 – 1.18345 – 1.16699 —
1.18894 – 1.19897 —
60.240144449197 – 79.271624400942 —
– —
1.19065 – 1769450400

Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish Engulfing – – – – – – – – –