Furthermore a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bullish signal. The pair is likely to go up.
Correction of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Current target is 1.17842644 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance zone at 1.18264 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three White Soldiers’ candlestick chart pattern is discovered. The chart shows ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.18334 |
| 2nd High | 1.18285 |
| Next High | 1.18264 |
| Current Price | 1.17844 |
| Next Low | 1.1743 |
| 2nd Low | 1.17416 |
| 3rd Low | 1.17279 |
1.18264 – 1.18213 – 1.18164 – 1.179 – 1.17886 – 1.17735 —
1.18254 – 1.17757 —
53.849118974288 – 37.356416107395 —
– —
1.18264 – 1772218800
Trading Signals: FOREX – EUR – EUR/USD – USD – Three White Soldiers – – – – – – – – –