Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 0.87422 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.87422 could occur.
Consider stop-loss settings accordingly.
Additionally a ‘Northern Doji’ candle pattern is existing. The candles form ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.87422 |
| Current Price | 0.87271 |
| Next Low | 0.86757 |
| 2nd Low | 0.86752 |
| 3rd Low | 0.8672 |
0.87422 – 0.86996 – 0.86977 – 0.86757 – 0.86752 – 0.8672 —
0.87422 – 0.87216 —
82.729622154389 – 61.229353381578 —
0.87422 – 1774978200 —
– 1774978200
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – – – – – – – – –