EUR/USD – 1H – SELL

The pair Euro/US Dollar (EUR/USD) jumps from the bearish trendline downwards

A continuation of the bearish trend down to the next support line at 1.16637 is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.17622 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘StochRSI %K falls below 0.8’ indicator signal is detected. The indicator shows ‘StochRSI %K falls below 0.8’. which could be a negative signal. The pair is likely to go down.

Also there is a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.

Also there is a ‘Matching Low’ candle chart pattern is detected. The chart forms ‘Matching Low’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

1.17622 – 1.17906 – 1.18487 – 1.17188 – 1.17289 – 1.17717 —
1.17559 – 1.17427 —
53.228176473019 – 35.575600565224 —
– —
1.17622 – 1776844800

Trading Signals: FOREX – EUR – EUR/USD – USD – Matching Low – – – – – – – – –