Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.92198012 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support zone at 0.92563 should be noted.
Consider stop-loss settings accordingly.
Next a ‘Bearish Harami’ candle pattern is discovered. The candles form ‘Bearish Harami’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92784 |
| 2nd High | 0.92592 |
| Next High | 0.92563 |
| Current Price | 0.92319 |
| Next Low | 0.92207 |
| 2nd Low | 0.92023 |
| 3rd Low | 0.92017 |
0.92563 – 0.92592 – 0.92784 – 0.92207 – 0.92312 – 0.92023 —
0.92543 – 0.92395 —
56.949924288792 – 28.66429715154 —
– —
0.92563 – 1784228400
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Harami – – – – – – – – –