Besides a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 0.92577 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 0.93492 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Two Crows’ candlestick chart pattern is detected. The candles show ‘Two Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93953 |
| 2nd High | 0.9367 |
| Next High | 0.93492 |
| Current Price | 0.92689 |
| Next Low | 0.92697 |
| 2nd Low | 0.92577 |
| 3rd Low | 0.91789 |
0.93492 – 0.93257 – 0.93165 – 0.92957 – 0.92697 – 0.92755 —
0.92958 – 0.92910 —
35.837222216775 – 38.892920018312 —
– —
0.93492 – 1768377600
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Two Crows – – – – – – – – –