Then a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The currency pair could go up.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 1.16327386 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance line at 1.1645 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Bearish SBS White Lines’ chart pattern is found. The chart shows ‘Bearish SBS White Lines’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.17955 |
| 2nd High | 1.1667 |
| Next High | 1.1645 |
| Current Price | 1.15913 |
| Next Low | 1.15069 |
| 2nd Low | 1.15014 |
| 3rd Low | 1.15008 |
1.1645 – 1.1667 – 1.16632 – 1.16025 – 1.16066 – 1.15069 —
1.16135 – 1.16046 —
28.472337438482 – 32.015976936725 —
– —
1.1645 – 1773223200
Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish SBS White Lines – – – – – – – – –