EUR/USD – 1H – SELL

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

A continuation of the bearish trend down to the next support line at 1.17149 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.17849 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair could go down.

Besides a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Besides a ‘Last Engulfing Bottom:’ candle chart pattern is detected. The candles show ‘Last Engulfing Bottom:’. 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 chance of ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).

1.17849 – 1.17412 – 1.17201 – 1.17149 – 1.17184 – 1.16546 —
1.17283 – 1.17287 —
47.481978591391 – 42.562294015273 —
– —
1.17849 – 1777654800

Trading Signals: FOREX – EUR – EUR/USD – USD – Last Engulfing Bottom: – – – – – – – – –