EUR/USD – 1H – SELL

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

A bearish movement down to the next support line at 1.15025 will continue.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.15894 is also possible.
Consider stop-loss settings accordingly.

There is also a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.15708034 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.15894 is also possible.
Consider stop-loss settings accordingly.

There is also a ‘Bearish Engulfing’ candlestick pattern is existing. The chart shows ‘Bearish Engulfing’. which is a negative chart scenario. 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%.

1.15894 – 1.15727 – 1.15777 – 1.15025 – 1.15253 – 1.15282 —
1.15698 – 1.15851 —
54.9980271168 – 58.131529106168 —
– —
1.15894 – 1781215200

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