EUR/USD – 30M – BUYCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.16353 at the Fibonacci level 0-Level. Caution: A possible change in the direction of support at 1.16816 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.17306 |
| 2nd High | 1.17281 |
| Next High | 1.16816 |
| Current Price | 1.16431 |
| Next Low | 1.16353 |
| 2nd Low | 1.15908 |
| 3rd Low | 1.1589 |
1.16816 – 1.16773 – 1.16749 – 1.16518 – 1.16526 – 1.16542 —
1.16568 – 1.16451 —
40.82717960265 – 32.183136328984 —
– —
1.16816 – 1764844200
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – – – – – – – – –