EUR/USD – 30M – SELLCorrection of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 1.0535909 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support line at 1.06094 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three Black Crows’ candlestick pattern is detected. The chart shows ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.06628 |
| 2nd High | 1.06542 |
| Next High | 1.06094 |
| Current Price | 1.05552 |
| Next Low | 1.05232 |
| 2nd Low | 1.05159 |
| 3rd Low | 1.05118 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows