EUR/USD – 4H – SELL

The pair Euro/US Dollar (EUR/USD) jumps from the bullish trendline down.

A bearish descent down to the next support at 1.16147 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 1.18077 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘%K cross below 0.8’ indicator signal is detected. The indicator is ‘%K cross below 0.8’. which could be a negative signal. The currency pair could go down.

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

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 1.16147 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 1.18077 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Southern Doji’ candle pattern is detected. The candles form ‘Southern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

1.18077 – 1.18037 – 1.17624 – 1.16586 – 1.17025 – 1.17027 —
1.16991 – 1.16815 —
37.413329504298 – 33.682364281344 —
– —
1.18077 – 1766548800

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