EUR/USD – 1H – SELLThe currency pair Euro/US Dollar (EUR/USD) moves from the ascending trendline downwards
The bearish trend down to the next support level at 1.15567 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.16216 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair could go down.
In addition a ‘Bearish Engulfing’ candlestick pattern is discovered. The chart forms ‘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 likelyhood of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.16216 |
| Current Price | 1.16074 |
| Next Low | 1.15567 |
| 2nd Low | 1.15025 |
| 3rd Low | 1.14994 |
1.16216 – 1.15891 – 1.15894 – 1.15567 – 1.15025 – 1.15253 —
1.16216 – 1.16193 —
69.430859109464 – 64.257008579299 —
1.16216 – 1781510400 —
– 1781510400
Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish Engulfing – Rising Wedge Chart Pattern – – – – – – – –