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 0.91224 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 0.91411 could happen.
Consider stop-loss settings accordingly.
Also there is a ‘Bearish Harami’ candlestick chart pattern is found. The candles form ‘Bearish Harami’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91608 |
| 2nd High | 0.91448 |
| Next High | 0.91411 |
| Current Price | 0.91295 |
| Next Low | 0.91055 |
| 2nd Low | 0.91037 |
| 3rd Low | 0.90984 |
0.91411 – 0.91399 – 0.91215 – 0.91055 – 0.91037 – 0.91163 —
0.91285 – 0.91301 —
54.691243109442 – 49.893248087842 —
– —
0.91411 – 1771372800
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Harami – – – – – – – – –