EUR/USD – 1H – SELL

The pair Euro/US Dollar (EUR/USD) goes from the ascending trendline down.

The bearish trend down to the next support line at 1.1676 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 1.17849 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair could go down.

Besides a ‘Bearish Engulfing’ candlestick pattern is detected. The chart shows ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

1.17849 – 1.17412 – 1.17201 – 1.1676 – 1.17149 – 1.17184 —
1.17244 – 1.17767 —
63.178511581301 – 82.461649975855 —
– —
1.17849 – 1777654800

Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish Engulfing – – – – – – – – –