EUR/USD – 1H – SELL

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

A continuation of the downward movement down to the next support level at 1.16546 will continue.

Caution: A possible change in the direction of resistance at 1.17849 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘StochRSI %K falls below 0.8’ indicator signal is existing. The indicator shows ‘StochRSI %K falls below 0.8’. which is often a bearish signal. The currency pair is likely to fall.

And also a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair could go down.

And also a ‘Three Black Crows’ candle pattern is existing. The candles form ‘Three Black Crows’. 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 success rate of a ‘Three Black Crows’ going down is 82%.

1.17849 – 1.17412 – 1.17201 – 1.17149 – 1.17184 – 1.16546 —
1.17283 – 1.17233 —
47.904319291384 – 42.470866209256 —
– —
1.17849 – 1777654800

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