EUR/USD – 1H – SELL

The pair Euro/US Dollar (EUR/USD) moves from the descending trendline downwards

A continuation of the downtrend down to the next support line at 1.14841 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 1.16394 could occur.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘MACD crosses below signal’ indicator layout is existing. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 1.154105 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 1.16394 could occur.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Three Black Crows’ chart pattern is discovered. The candles form ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

1.16394 – 1.16158 – 1.15548 – 1.14841 – 1.15242 – 1.14427 —
1.16002 – 1.16156 —
57.379274861285 – 57.355453630301 —
– —
1.16394 – 1774285200

Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows – – – – – – – – –