EUR/USD – 1H – SELL

The combination Euro/US Dollar (EUR/USD) moves from the descending trendline downwards

A continuation of the downtrend down to the next support level at 1.15762 is expected.

Caution: A possible change in the direction of the resistance level at 1.16132 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘%K crosses below %D’ indicator layout is discovered. The indicator shows ‘%K crosses below %D’. which could be a negative chart signal. The currency pair is likely to fall.

And also a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

1.16132 – 1.15955 – 1.15501 – 1.15762 – 1.15467 – 1.15112 —
1.15934 – 1.15999 —
41.724934104911 – 57.849914731392 —
1.15762 – 1764241200 —
1.16132 – 1764216000

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