EUR/USD – 4H – SELL

The combination Euro/US Dollar (EUR/USD) jumps from the bearish trendline down.

A continuation of the bearish trend down to the next support level at 1.14994 is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 1.15777 could occur.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Bearish Engulfing’ candlestick chart pattern is found. The candles form ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

1.15777 – 1.16448 – 1.16855 – 1.14994 – 1.15942 – 1.16064 —
1.15527 – 1.15426 —
42.972191914033 – 44.152591519447 —
– —
1.15777 – 1781020800

Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish Engulfing – – – – – – – – –