EUR/USD – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 1.1559182 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.16442 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Bearish Harami’ candlestick chart pattern is detected. The chart shows ‘Bearish Harami’. 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 ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.16543 |
| 2nd High | 1.1647 |
| Next High | 1.16442 |
| Current Price | 1.15825 |
| Next Low | 1.1581 |
| 2nd Low | 1.15742 |
| 3rd Low | 1.15298 |
1.16442 – 1.1647 – 1.16543 – 1.1581 – 1.15742 – 1.15298 —
1.16129 – 1.15885 —
41.417086757262 – 41.083888751324 —
– —
1.16442 – 1772708400
Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish Harami – – – – – – – – –