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 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish SBS White Lines