Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.0020266 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support zone at 0.002082000 should be noted.
Consider stop-loss settings accordingly.
Additionally a ‘Two Crows’ candlestick chart pattern is existing. The chart forms ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 0.002204400 |
2nd High | 0.002135300 |
Next High | 0.002082000 |
Current Price | 0.002056600 |
Next Low | 0.002027300 |
2nd Low | 0.002026600 |
3rd Low | 0.002017800 |