EUR/USD – 4H – SELL

The currency pair Euro/US Dollar (EUR/USD) moves from the bearish trendline downwards

A continuation of the bearish trend downwards to the next support level at 1.16147 is considered certain.

Caution: A possible change in the direction of resistance at 1.18077 could be enabled.
Consider stop-loss settings accordingly.

Additionally a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Additionally a ‘Three Black Crows’ candlestick pattern is existing. The candles form ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

1.18077 – 1.18037 – 1.17624 – 1.17025 – 1.17027 – 1.16147 —
1.16944 – 1.17167 —
29.968250609146 – 44.046763493474 —
– —
1.18077 – 1766548800

Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows – – – – – – – – –