Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.91115592 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 0.91452 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Bearish Harami’ candle pattern is discovered. The chart shows ‘Bearish Harami’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91687 |
| 2nd High | 0.91506 |
| Next High | 0.91452 |
| Current Price | 0.91209 |
| Next Low | 0.9086 |
| 2nd Low | 0.90682 |
| 3rd Low | 0.90486 |
0.91161 – 0.91452 – 0.91023 – 0.9086 – 0.90682 – 0.90486 —
0.91132 – 0.91197 —
51.867028824501 – 54.390065188432 —
– —
0.91161 – 1774047600
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Harami – – – – – – – – –