Also there is a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which could be a positive chart scenario. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Current target is 0.87979 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance level at 0.87891 could occur.
Consider stop-loss settings accordingly.
Also there is a ‘Northern Doji’ candle chart pattern is found. The candles form ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.88307 |
| 2nd High | 0.87983 |
| Next High | 0.87891 |
| Current Price | 0.87856 |
| Next Low | 0.87651 |
| 2nd Low | 0.87617 |
| 3rd Low | 0.87251 |
0.87891 – 0.87983 – 0.87933 – 0.87651 – 0.87861 – 0.87797 —
0.87840 – 0.87884 —
51.82677015911 – 46.402050502115 —
– —
0.87891 – 1764111600
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – – – – – – – – –