EUR/USD – 1H – SELL

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

A continuation of the bearish trend downwards to the next support level at 1.1616 will persist.

Caution: A possible change in the direction of the resistance zone at 1.16716 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘%K crosses above %D’ indicator layout is existing. The indicator shows ‘%K crosses above %D’. this is usually a bullish chart scenario. The pair is likely to go up.

Besides a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

Besides a ‘Northern Doji’ chart pattern is discovered. The chart forms ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.16716 – 1.16715 – 1.16816 – 1.1616 – 1.16276 – 1.16406 —
1.16473 – 1.16492 —
53.360414147924 – 50.894644853885 —
– —
1.16716 – 1765180800

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