EUR/USD – 1H – SELL

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

A continuation of the downward movement down to the next support at 1.17756 will continue.

Caution: A possible change in the direction of the resistance level at 1.19543 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The pair is likely to go down.

Also there is a ‘Bearish Engulfing’ candle pattern is existing. The candles form ‘Bearish Engulfing’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

1.19543 – 1.19741 – 1.1996 – 1.17756 – 1.18394 – 1.18946 —
1.17986 – 1.18159 —
36.319202312785 – 45.673027077861 —
– —
1.19543 – 1769781600

Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish Engulfing – – – – – – – – –