EUR/USD – 4H – SELL

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

A continuation of the downward movement down to the next support line at 1.1676 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.17963 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘MACD crosses below signal’ indicator signal is detected. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart scenario. The currency pair could go down.

Next a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 1.16961374 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support line at 1.17963 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Southern Doji’ candlestick chart pattern is existing. The candles form ‘Southern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

1.17963 – 1.17849 – 1.17545 – 1.1676 – 1.16546 – 1.16687 —
1.17963 – 1.17775 —
62.045036988897 – 60.397944100258 —
1.17963 – 1778068800 —
– 1778068800

Trading Signals: FOREX – EUR – EUR/USD – USD – Southern Doji – – – – – – – – –