Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.16569026 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support line at 1.16749 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Northern Doji’ candlestick chart pattern is detected. The chart shows ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.17281 |
| 2nd High | 1.16752 |
| Next High | 1.16749 |
| Current Price | 1.16724 |
| Next Low | 1.16353 |
| 2nd Low | 1.15908 |
| 3rd Low | 1.1589 |
1.16749 – 1.16228 – 1.1616 – 1.16353 – 1.15908 – 1.15979 —
1.16678 – 1.16753 —
62.597201302527 – 64.860393380067 —
– —
1.16749 – 1764774000
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – – – – – – – – –