Buy EUR/USD – 30M – BUY

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.02827598 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.02773 could happen.
Consider stop-loss settings accordingly.

In addition a ‘Bearish SBS White Lines’ candlestick chart pattern is discovered. The candles form ‘Bearish SBS White Lines’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

Support & Resistance Price Range*
3rd High 1.03188
2nd High 1.03115
Next High 1.02773
Current Price 1.02473
Next Low 1.01772
2nd Low
3rd Low

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