EUR/USD – 1H – SELL

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

A continuation of the bearish trend downwards to the next support level at will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 1.18377 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair could go down.

Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair could go down.

Besides a ‘Three Outside Down’ candlestick chart pattern is found. The chart shows ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.18377 – 1.18241 – 1.19543 – 1.17901 – 1.17797 – 1.17756 —
1.17913 – 1.18150 —
39.579754178442 – 56.360990692111 —
– —
1.18377 – 1770199200

Trading Signals: FOREX – EUR – EUR/USD – USD – Three Outside Down – – – – – – – – –