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 1.15008 is certain.

Caution: A possible counter-trend in the direction of the resistance zone at 1.15496 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair is likely to fall.

Furthermore a ‘%K crosses below %D’ indicator layout is discovered. The indicator is ‘%K crosses below %D’. this is usually a bearish chart signal. The currency pair is likely to fall.

Furthermore a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a negative signal. The currency pair could go down.

Furthermore a ‘Tweezers Top’ chart pattern is existing. The candles form ‘Tweezers Top’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

1.15496 – 1.15969 – 1.16073 – 1.15008 – 1.1571 – 1.15816 —
1.15382 – 1.15375 —
45.680107031719 – 52.550161455133 —
– —
1.15496 – 1763654400

Trading Signals: FOREX – EUR – EUR/USD – USD – Tweezers Top – – – – –