EUR/USD – 1H – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to go down.

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

The bearish trend down to the next support level at 1.16406 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 1.16816 could happen.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair could go down.

Furthermore a ‘MACD crosses below signal’ indicator layout is existing. The indicator shows ‘MACD crosses below signal’. which could be a negative chart scenario. The currency pair could go down.

Furthermore a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 1.161825 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 1.16816 could happen.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Outside Down’ candle pattern is detected. The candles show ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.16816 – 1.16773 – 1.1652 – 1.16406 – 1.15908 – 1.1589 —
1.16541 – 1.16550 —
46.550148706237 – 48.426162899448 —
– —
1.16816 – 1764842400

Trading Signals: FOREX – EUR – EUR/USD – USD – Three Outside Down – Rising Wedge Chart Pattern – – – – – – – –