EUR/USD – 1H – SELL

Next a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair could go down.

Next a ‘MACD crosses below signal’ indicator signal is detected. The indicator shows ‘MACD crosses below signal’. this is usually a bearish signal. The currency pair could go down.

Next a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.14841 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support zone at 1.16304 should always be considered.
Consider stop-loss settings accordingly.

Next a ‘Three Outside Down’ candlestick pattern is existing. The chart forms ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.16304 – 1.16174 – 1.16394 – 1.15191 – 1.15566 – 1.14841 —
1.15178 – 1.15175 —
38.369098487563 – 42.752377373166 —
– —
1.16304 – 1774407600

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