Furthermore a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will persist. Current target is 0.90544 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.90544 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Bearish SBS White Lines’ candle pattern is existing. The candles show ‘Bearish SBS White Lines’. which is a negative signal. 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 SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90717 |
| 2nd High | 0.90707 |
| Next High | 0.90544 |
| Current Price | 0.90561 |
| Next Low | 0.90314 |
| 2nd Low | 0.8988 |
| 3rd Low | 0.89803 |
0.90468 – 0.90414 – 0.90544 – 0.90314 – 0.8988 – 0.90215 —
0.90429 – 0.90617 —
49.687944688618 – 60.227404785191 —
– —
0.90468 – 1773657000
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish SBS White Lines – – – – – – – – –