EUR/USD – 30M – BUY

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 1.163405 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.16773 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Outside Down’ candlestick chart pattern is found. The chart shows ‘Three Outside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.16773 – 1.16749 – 1.16228 – 1.16542 – 1.16353 – 1.15908 —
1.16718 – 1.16610 —
57.039730119101 – 46.813549233886 —
– —
1.16773 – 1764795600

Trading Signals: FOREX – EUR – EUR/USD – USD – Three Outside Down – – – – – – – – –