Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 1.1649374 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 1.16816 could occur.
Consider stop-loss settings accordingly.
Additionally a ‘Three Black Crows’ candle pattern is detected. The candles show ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.17306 |
| 2nd High | 1.17281 |
| Next High | 1.16816 |
| Current Price | 1.16533 |
| Next Low | 1.16406 |
| 2nd Low | 1.16353 |
| 3rd Low | 1.15908 |
1.16816 – 1.16773 – 1.16749 – 1.16406 – 1.16518 – 1.16526 —
1.16537 – 1.16715 —
50.576662637154 – 59.368287702564 —
– —
1.16816 – 1764844200
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows – – – – – – – – –