EUR/USD – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.04951 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 1.05207 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Three Black Crows’ candle chart pattern is detected. The chart shows ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.05370 |
| 2nd High | 1.05305 |
| Next High | 1.05207 |
| Current Price | 1.04976 |
| Next Low | 1.04532 |
| 2nd Low | 1.04252 |
| 3rd Low | 1.03918 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows