EUR/USD – 1H – SELL

Next a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish signal. The pair is likely to go down.

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

A bearish trend down to the next support line at 1.16025 is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 1.1667 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair is likely to fall.

Next a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 1.158695 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 1.1667 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

1.1667 – 1.16632 – 1.1621 – 1.16025 – 1.15069 – 1.15584 —
1.16116 – 1.16405 —
46.152484620265 – 55.935580729239 —
– —
1.1667 – 1773172800

Trading Signals: FOREX – EUR – EUR/USD – USD – – Rising Wedge Chart Pattern – – – – – – – –