Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.880965 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.88307 should always be considered.
Consider stop-loss settings accordingly.
Also there is a ‘Northern Doji’ chart pattern is existing. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.8865 |
| 2nd High | 0.88396 |
| Next High | 0.88307 |
| Current Price | 0.87935 |
| Next Low | 0.87797 |
| 2nd Low | 0.87665 |
| 3rd Low | 0.87617 |
0.88307 – 0.88251 – 0.88396 – 0.87797 – 0.87951 – 0.87975 —
0.87887 – 0.87939 —
36.086903854487 – 42.648232165002 —
– —
0.88307 – 1763715600
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – – – – – – – – –