Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.91788722 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.92321 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three Black Crows’ candle pattern is discovered. The candles show ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92628 |
| 2nd High | 0.92357 |
| Next High | 0.92321 |
| Current Price | 0.91967 |
| Next Low | 0.91634 |
| 2nd Low | 0.91516 |
| 3rd Low | 0.91482 |
0.92321 – 0.92357 – 0.92315 – 0.91634 – 0.92143 – 0.91969 —
0.92006 – 0.92053 —
43.019075743749 – 44.628974213452 —
– —
0.92321 – 1776438000
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows – – – – – – – – –