Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.82798304 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 0.83119 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three Black Crows’ candle pattern is existing. The chart forms ‘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 probability of ‘Three Black Crows’ going down is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.83272 |
2nd High | 0.83141 |
Next High | 0.83119 |
Current Price | 0.82796 |
Next Low | 0.82773 |
2nd Low | 0.82770 |
3rd Low | 0.82705 |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Black Crows