Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 182.586 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support line at 184.653 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three Black Crows’ candle chart pattern is existing. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 184.768 |
| 2nd High | 184.689 |
| Next High | 184.653 |
| Current Price | 182.97900 |
| Next Low | 182.586 |
| 2nd Low | 182.045 |
| 3rd Low | 181.866 |
184.653 – 184.339 – 184.471 – 182.586 – 183.862 – 183.864 —
183.56900 – 183.13500 —
68.386176631417 – 45.539284143307 —
– —
184.653 – 1774638000
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Black Crows – – – – – – – – –