EUR/USD – 30M – SELLCorrection of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.05594 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 1.06070 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three Black Crows’ candlestick pattern is existing. The chart shows ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.06628 |
| 2nd High | 1.06542 |
| Next High | 1.06070 |
| Current Price | 1.05833 |
| Next Low | 1.05321 |
| 2nd Low | 1.05159 |
| 3rd Low | 1.05118 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows