The currency pair goes from the bearish trendline downwards
A continuation of the downtrend down to the next support line at 209.470000000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 224.000000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 211.865 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 224.000000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Black Crows’ chart pattern is existing. The chart shows ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to fall. 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 | |
2nd High | |
Next High | 224.000000000 |
Current Price | 215.910000000 |
Next Low | 209.470000000 |
2nd Low | 204.160000000 |
3rd Low | 199.730000000 |