There is also a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.185 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.19543 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three Black Crows’ chart pattern is existing. 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 success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.1996 |
| 2nd High | 1.19741 |
| Next High | 1.19543 |
| Current Price | 1.18444 |
| Next Low | 1.185 |
| 2nd Low | 1.18345 |
| 3rd Low | 1.17279 |
1.19543 – 1.19741 – 1.19721 – 1.18979 – 1.18946 – 1.18952 —
1.18838 – 1.18520 —
38.156834000791 – 29.746152290911 —
– —
1.19543 – 1769781600
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows – – – – – – – – –