Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.18481 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance line at 1.18481 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Bearish SBS White Lines’ candle pattern is found. The candles form ‘Bearish SBS White Lines’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.187 |
| 2nd High | 1.18571 |
| Next High | 1.18481 |
| Current Price | 1.18278 |
| Next Low | 1.1743 |
| 2nd Low | 1.17416 |
| 3rd Low | 1.17279 |
1.18071 – 1.17776 – 1.18071 – 1.1743 – 1.17416 – 1.17844 —
1.17903 – 1.18331 —
55.923455101334 – 65.083958887546 —
– —
1.18071 – 1771606800
Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish SBS White Lines – – – – – – – – –