EUR/USD – 1H – SELL

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

A continuation of the downtrend down to the next support level at 1.13791 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 1.14302 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘StochRSI %K falls below 0.8’ indicator signal is discovered. The indicator shows ‘StochRSI %K falls below 0.8’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.138145 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 1.14302 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Matching Low’ candlestick chart pattern is detected. The candles show ‘Matching Low’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

1.14302 – 1.14336 – 1.13876 – 1.13791 – 1.13538 – 1.13328 —
1.14277 – 1.14200 —
66.507734139631 – 55.322817028806 —
– —
1.14302 – 1782759600

Trading Signals: FOREX – EUR – EUR/USD – USD – Matching Low – – – – – – – – –