EUR/USD – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.154845 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 1.15955 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Collapsing Doji Star’ chart pattern is detected. The chart shows ‘Collapsing Doji Star’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Collapsing Doji Star’ going down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.16073 |
| 2nd High | 1.15969 |
| Next High | 1.15955 |
| Current Price | 1.15710 |
| Next Low | 1.15112 |
| 2nd Low | 1.1511 |
| 3rd Low | 1.15093 |
1.15955 – 1.15855 – 1.15299 – 1.15112 – 1.1511 – 1.15093 —
1.15954 – 1.15767 —
57.015144450122 – 48.246130870827 —
– —
1.15955 – 1764144000
Trading Signals: FOREX – EUR – EUR/USD – USD – Collapsing Doji Star – – – – – – – – –