EUR/USD – 1H – SELL

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

A continuation of the downtrend down to the next support at 1.14308 is expected.

Caution: A possible change in the direction of the resistance level at 1.14518 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair could go down.

Then a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

Then a ‘Bearish Engulfing’ candle pattern is existing. The chart shows ‘Bearish Engulfing’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

1.14518 – 1.14759 – 1.1482 – 1.14308 – 1.14057 – 1.1377 —
1.14518 – 1.14438 —
49.585574382515 – 49.006223702565 —
– —
1.14518 – 1784278800

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