EUR/USD – 1H – SELL

The combination Euro/US Dollar (EUR/USD) moves from the descending trendline downwards

A continuation of the downtrend down to the next support level at 1.17717 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 1.17874 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The pair is likely to go down.

In addition a ‘StochRSI %K falls below 0.8’ indicator layout is found. The indicator is ‘StochRSI %K falls below 0.8’. this is usually a bearish signal. The pair is likely to go down.

In addition a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

In addition a ‘Three Black Crows’ candle pattern is existing. The chart shows ‘Three Black Crows’. which is a bearish pattern signal. 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 Black Crows’ heading down is 82%.

1.17874 – 1.18235 – 1.18107 – 1.17717 – 1.17666 – 1.17716 —
1.17990 – 1.17972 —
57.986987009896 – 43.003534661848 —
– —
1.17874 – 1776387600

Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows – – – – – – – – –