Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 184.9375 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 185.859 could happen.
Consider stop-loss settings accordingly.
And also a ‘Bearish Harami’ candle pattern is detected. The chart shows ‘Bearish Harami’. this is a bearish pattern signal. The currency 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 | 186.315 |
| 2nd High | 186.313 |
| Next High | 185.859 |
| Current Price | 185.38700 |
| Next Low | 184.654 |
| 2nd Low | 184.016 |
| 3rd Low | 183.714 |
185.859 – 185.355 – 185.093 – 185.442 – 184.654 – 184.67 —
185.57300 – 185.37200 —
43.968174417145 – 41.851221037286 —
– —
185.859 – 1782842400
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish Harami – – – – – – – – –