Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.93785 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 0.93925 could happen.
Consider stop-loss settings accordingly.
There is also a ‘Northern Doji’ candlestick chart pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93990 |
| 2nd High | 0.93967 |
| Next High | 0.93925 |
| Current Price | 0.93838 |
| Next Low | 0.93603 |
| 2nd Low | 0.93363 |
| 3rd Low | 0.93329 |
0.93762 – 0.93925 – 0.93967 – 0.93603 – 0.93608 – 0.93639
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji