And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 1.15129304 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support line at 1.15203 could occur.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Three Outside Down’ candle pattern is existing. The chart shows ‘Three Outside Down’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.15905 |
| 2nd High | 1.15522 |
| Next High | 1.15203 |
| Current Price | 1.15220 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.15203 – 1.15522 – 1.15496 – 1.15093 – 1.15014 – 1.15231 —
1.15305 – 1.15276 —
44.05879080933 – 51.571968770987 —
– —
1.15203 – 1763766000
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Outside Down – – – – – – – – –