EUR/USD – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Current target is 1.04299 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 1.04452 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Latter Bottom’ candle pattern is discovered. The chart forms ‘Latter Bottom’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Latter Bottom’ going up is 56% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.05124 |
| 2nd High | 1.04471 |
| Next High | 1.04452 |
| Current Price | 1.04390 |
| Next Low | 1.04051 |
| 2nd Low | 1.03904 |
| 3rd Low | 1.03832 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Latter Bottom