In addition a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.171445 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 1.1759 is also possible.
Consider stop-loss settings accordingly.
In addition a ‘Three Black Crows’ candlestick chart pattern is existing. The chart shows ‘Three Black Crows’. this is a bearish pattern 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 | 1.17795 |
| 2nd High | 1.17683 |
| Next High | 1.1759 |
| Current Price | 1.17308 |
| Next Low | 1.16837 |
| 2nd Low | 1.16699 |
| 3rd Low | 1.16322 |
1.1759 – 1.16968 – 1.17425 – 1.16837 – 1.16699 – 1.17008 —
1.17459 – 1.17443 —
54.028047140307 – 42.15871815056 —
– —
1.17590 – 1769130000
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows – – – – – – – – –