Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Current target is 1.16693 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 1.1667 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Three White Soldiers’ candle pattern is existing. The chart forms ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.18343 |
| 2nd High | 1.18285 |
| Next High | 1.1667 |
| Current Price | 1.15351 |
| Next Low | 1.14104 |
| 2nd Low | 1.13713 |
| 3rd Low | 1.13568 |
1.1667 – 1.18285 – 1.18343 – 1.14104 – 1.15069 – 1.15298 —
1.14449 – 1.15243 —
36.765618186661 – 52.298779787199 —
– —
1.1667 – 1773172800
Trading Signals: FOREX – EUR – EUR/USD – USD – Three White Soldiers – – – – – – – – –