EUR/USD – 1H – SELL

The pair Euro/US Dollar (EUR/USD) moves from the descending trendline down.

A continuation of the downtrend downwards to the next support level at will continue.

Caution: A possible counter-trend in the direction of resistance at 1.13876 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair is likely to fall.

Moreover a ‘MACD crosses below signal’ indicator signal is detected. The indicator shows ‘MACD crosses below signal’. which could be a negative signal. The currency pair is likely to fall.

Moreover a ‘Two Crows’ candlestick pattern is detected. The candles form ‘Two Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

1.13876 – 1.14388 – 1.14802 – 1.13538 – 1.13328 – 1.13241 —
1.14072 – 1.14076 —
68.60331902966 – 57.228748285735 —
– —
1.13876 – 1782410400

Trading Signals: FOREX – EUR – EUR/USD – USD – Two Crows – – – – – – – – –