Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.9318862 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 0.9331 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Matching Low’ candle chart pattern is discovered. The chart shows ‘Matching Low’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93448 |
| 2nd High | 0.93369 |
| Next High | 0.9331 |
| Current Price | 0.93277 |
| Next Low | 0.93118 |
| 2nd Low | 0.93011 |
| 3rd Low | 0.92989 |
0.9331 – 0.93369 – 0.93355 – 0.93118 – 0.93312 – 0.93174 —
0.93242 – 0.93299 —
51.034930883929 – 63.311157431354 —
– —
0.93310 – 1764349200
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Matching Low – – – – – – – – –