EUR/USD – 1H – SELL

The pair Euro/US Dollar (EUR/USD) jumps from the descending trendline downwards

A continuation of the downward movement down to the next support line at 1.15584 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 1.1647 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Bearish Engulfing’ candlestick chart pattern is found. The chart shows ‘Bearish Engulfing’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

1.1647 – 1.16543 – 1.18264 – 1.15584 – 1.15298 – 1.16713 —
1.16203 – 1.16027 —
54.417393387015 – 35.768265719609 —
– —
1.1647 – 1772679600

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