EUR/USD – 1H – SELL

The combination Euro/US Dollar (EUR/USD) goes from the bullish trendline down.

A bearish movement downwards to the next support line at 1.185 will persist.

Caution: A possible change in the direction of resistance at 1.20821 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair is likely to fall.

Next a ‘Bearish Belt Hold’ candle pattern is discovered. The chart forms ‘Bearish Belt Hold’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

1.20821 – 1.19065 – 1.18972 – 1.185 – 1.18345 – 1.16699 —
1.20016 – 1.19893 —
64.156431135476 – 48.992691296409 —
– —
1.20821 – 1769551200

Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish Belt Hold – – – – – – – – –