Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.90229 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.91347 is within the realm of possibility.
Consider stop-loss settings accordingly.
There is also a ‘Three Black Crows’ candlestick pattern is detected. The chart forms ‘Three Black 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 chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91506 |
| 2nd High | 0.91365 |
| Next High | 0.91347 |
| Current Price | 0.90357 |
| Next Low | 0.90229 |
| 2nd Low | |
| 3rd Low |
0.91347 – 0.91365 – 0.91506 – 0.90229 – 0.90605 – 0.91214 —
0.90639 – 0.90562 —
43.232425794948 – 39.882102838445 —
– —
0.91347 – 1772184600
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows – – – – – – – – –