Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.158695 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance line at 1.1645 should always be considered.
Consider stop-loss settings accordingly.
And also a ‘Three Outside Up’ chart pattern is existing. The candles form ‘Three Outside Up’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.17955 |
| 2nd High | 1.1667 |
| Next High | 1.1645 |
| Current Price | 1.15527 |
| Next Low | 1.15069 |
| 2nd Low | 1.15014 |
| 3rd Low | 1.15008 |
1.1645 – 1.1667 – 1.16632 – 1.16025 – 1.16066 – 1.15069 —
1.15709 – 1.15426 —
33.064688418485 – 25.832893657943 —
– —
1.1645 – 1773223200
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Outside Up – – – – – – – – –