EUR/USD – 1H – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.141305 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 1.14620 could occur.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Bearish Engulfing’ candle pattern is detected. The chart forms ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

1.14620 – 1.14723 – 1.14114 – 1.14201 – 1.1382 – 1.13791 —
1.14620 – 1.14475 —
68.05866219771 – 53.042861747016 —
1.14620 – 1783069200 —
– 1783069200

Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish Engulfing – Symmetrical Triangle Chart Pattern – – – – – – – –