EUR/USD – 1H – SELL

Next a ‘MACD crosses below signal’ indicator signal is existing. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 1.170455 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 1.17412 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Three Outside Down’ candlestick chart pattern is found. The candles form ‘Three Outside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.17412 – 1.17201 – 1.17545 – 1.16546 – 1.16609 – 1.1677 —
1.17412 – 1.17337 —
65.514681613189 – 64.123148121088 —
1.17412 – 1777586400 —
– 1777586400

Trading Signals: FOREX – EUR – EUR/USD – USD – Three Outside Down – – – – – – – – –