EUR/USD – 1H – SELL

The combination Euro/US Dollar (EUR/USD) moves from the bearish trendline down.

A continuation of the downward movement downwards to the next support line at 1.16637 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.17622 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Matching Low’ chart pattern is discovered. The chart shows ‘Matching Low’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

1.17622 – 1.17906 – 1.18487 – 1.17188 – 1.17289 – 1.17717 —
1.17117 – 1.17161 —
38.100911628508 – 51.979516634491 —
– —
1.17622 – 1776844800

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