And also a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.185 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support line at 1.19543 should be noted.
Consider stop-loss settings accordingly.
And also a ‘Three Black Crows’ chart pattern is existing. The chart shows ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.1996 |
| 2nd High | 1.19741 |
| Next High | 1.19543 |
| Current Price | 1.18572 |
| Next Low | 1.185 |
| 2nd Low | 1.18345 |
| 3rd Low | 1.17279 |
1.19543 – 1.19741 – 1.19721 – 1.18979 – 1.18946 – 1.18952 —
1.19220 – 1.18872 —
41.668637778823 – 33.246641961714 —
– —
1.19543 – 1769781600
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows – – – – – – – – –