There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The pair is likely to go down.
There is also a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a negative signal. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 0.9086372 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support line at 0.91161 is also possible.
Consider stop-loss settings accordingly.
There is also a ‘Matching Low’ chart pattern is existing. The chart forms ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91452 |
| 2nd High | 0.9134 |
| Next High | 0.91161 |
| Current Price | 0.91000 |
| Next Low | 0.9086 |
| 2nd Low | 0.90682 |
| 3rd Low | 0.90614 |
0.91161 – 0.9134 – 0.91452 – 0.9086 – 0.90909 – 0.91012 —
0.91132 – 0.91096 —
55.697744058027 – 45.87659899007 —
– —
0.91161 – 1774049400
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Matching Low – – – – – – – – –