EUR/USD – 1H – BUYCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 1.167245 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 1.17683 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Matching Low’ candle chart pattern is detected. The chart shows ‘Matching Low’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.17964 |
| 2nd High | 1.17886 |
| Next High | 1.17683 |
| Current Price | 1.17176 |
| Next Low | 1.15766 |
| 2nd Low | 1.15549 |
| 3rd Low | 1.15467 |
1.17683 – 1.16613 – 1.16773 – 1.15766 – 1.15927 – 1.16337 —
1.17277 – 1.17312 —
59.054632203131 – 61.78362399938 —
– —
1.17683 – 1768921200
Trading Signals: FOREX – EUR – EUR/USD – USD – Matching Low – – – – – – – – –