EUR/USD – 4H – SELL

The combination Euro/US Dollar (EUR/USD) jumps from the bearish trendline down.

A continuation of the downward movement downwards to the next support level at 1.16147 is certain.

Caution: A possible trend reversal in the direction of resistance at 1.18077 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.16147 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 1.18077 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Northern Doji’ candle chart pattern is found. The chart shows ‘Northern Doji’. 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 ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.18077 – 1.18037 – 1.17624 – 1.16586 – 1.17025 – 1.17027 —
1.16825 – 1.16527 —
39.793170847652 – 31.220393969141 —
– —
1.18077 – 1766548800

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