EUR/USD – 30M – BUYCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 1.02729 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support line at 1.03240 could occur.
Consider stop-loss settings accordingly.
And also a ‘Matching Low’ chart pattern is found. The candles show ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.04340 |
| 2nd High | 1.03572 |
| Next High | 1.03240 |
| Current Price | 1.03088 |
| Next Low | 1.02729 |
| 2nd Low | 1.02643 |
| 3rd Low | 1.02238 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Matching Low