Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 0.91217 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.91789 is within the realm of possibility.
Consider stop-loss settings accordingly.
And also a ‘Three Outside Down’ candle chart pattern is discovered. The candles form ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91809 |
| 2nd High | 0.91808 |
| Next High | 0.91789 |
| Current Price | 0.91307 |
| Next Low | 0.91217 |
| 2nd Low | |
| 3rd Low |
0.91789 – 0.91808 – 0.91729 – 0.91217 – 0.91261 – 0.91602 —
0.91284 – 0.91350 —
32.169876420476 – 51.103055177768 —
– —
0.91789 – 1770598800
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Down – Double top retreat up – – – – – – – –