EUR/USD – 1H – SELL

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

A continuation of the downward movement downwards to the next support line at will persist.

Caution: A possible change in the direction of the resistance level at 1.17541 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair is likely to fall.

In addition a ‘Matching Low’ candlestick chart pattern is found. The chart shows ‘Matching Low’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

1.17541 – 1.17644 – 1.17589 – 1.16586 – 1.17129 – 1.17197 —
1.17207 – 1.17367 —
53.83731069326 – 62.167472700164 —
– —
1.17541 – 1767376800

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