EUR/USD – 1H – SELL

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

A bearish trend down to the next support level at 1.14427 is expected.

Caution: A possible change in the direction of the resistance line at 1.1645 should always be considered.
Consider stop-loss settings accordingly.

In addition a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.1530028 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of support at 1.1645 should always be considered.
Consider stop-loss settings accordingly.

In addition a ‘Matching Low’ candle pattern is existing. The candles form ‘Matching Low’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

1.15548 – 1.15468 – 1.15244 – 1.14427 – 1.14495 – 1.14655 —
1.15673 – 1.15797 —
71.812683607925 – 69.382123478306 —
– —
1.15548 – 1773842400

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