EUR/USD – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 1.04366 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of resistance at 1.04366 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Two-Candle Shooting Star’ candlestick pattern is existing. The chart forms ‘Two-Candle Shooting Star’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two-Candle Shooting Star’ heading down is 61% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.05124 |
| 2nd High | 1.04580 |
| Next High | 1.04366 |
| Current Price | 1.03880 |
| Next Low | 1.02952 |
| 2nd Low | 1.02732 |
| 3rd Low | 1.02643 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Two-Candle Shooting Star