EUR/USD – 30M – BUYCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.16586 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support zone at 1.16984 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Tweezers Top’ candlestick chart pattern is detected. The chart forms ‘Tweezers Top’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.17425 |
| 2nd High | 1.17024 |
| Next High | 1.16984 |
| Current Price | 1.16754 |
| Next Low | 1.16725 |
| 2nd Low | 1.16586 |
| 3rd Low | 1.16212 |
1.16984 – 1.17024 – 1.17425 – 1.16725 – 1.16834 – 1.17101 —
1.16836 – 1.16765 —
42.174813418501 – 39.331920910729 —
– —
1.16984 – 1767805200
Trading Signals: FOREX – EUR – EUR/USD – USD – Tweezers Top – – – – – – – – –