Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 0.83317 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.83586 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three Black Crows’ candle pattern is detected. The candles show ‘Three Black Crows’. this is a bearish chart scenario. The 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 | 0.84184 |
2nd High | 0.83959 |
Next High | 0.83586 |
Current Price | 0.83430 |
Next Low | 0.83093 |
2nd Low | 0.83061 |
3rd Low | 0.83048 |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Black Crows