EUR/USD – 4H – SELL

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

A continuation of the downward movement down to the next support at 1.14908 will continue.

Caution: A possible change in the direction of resistance at 1.18285 could happen.
Consider stop-loss settings accordingly.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair is likely to fall.

Moreover a ‘MACD crosses below signal’ indicator signal is existing. The indicator shows ‘MACD crosses below signal’. which could be a negative signal. The currency pair is likely to fall.

Moreover a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.

Moreover a ‘Matching Low’ chart pattern is discovered. The chart shows ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

1.18285 – 1.18343 – 1.19282 – 1.15298 – 1.17656 – 1.17416 —
1.16087 – 1.16210 —
33.962432254578 – 45.938072850798 —
– —
1.18285 – 1772064000

Trading Signals: FOREX – EUR – EUR/USD – USD – Matching Low – – – – – – – – –