EUR/USD – 1H – BUYCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.03439 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support line at 1.04241 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Southern Doji’ candle chart pattern is discovered. The candles show ‘Southern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.05124 |
| 2nd High | 1.04580 |
| Next High | 1.04241 |
| Current Price | 1.03624 |
| Next Low | 1.03439 |
| 2nd Low | 1.03430 |
| 3rd Low | 1.03328 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Southern Doji