EUR/USD – 30M – BUY

Moreover a ‘MACD crosses above signal’ indicator signal is detected. The indicator shows ‘MACD crosses above signal’. this is usually a bullish chart scenario. The currency pair could go up.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is certain. Current target is 1.15787566 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.15715 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Bearish Harami’ candlestick chart pattern is discovered. The chart shows ‘Bearish Harami’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).

1.15715 – 1.15804 – 1.16158 – 1.15343 – 1.15242 – 1.14427 —
1.15369 – 1.15011 —
36.779659251822 – 28.536924045462 —
– —
1.15715 – 1774040400

Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish Harami – – – – – – – – –