In addition a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which could be a negative chart signal. The pair is likely to go down.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.908675 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 0.91304 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three Black Crows’ chart pattern is found. The candles form ‘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 likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91365 |
| 2nd High | 0.91347 |
| Next High | 0.91304 |
| Current Price | 0.91154 |
| Next Low | 0.90905 |
| 2nd Low | 0.90332 |
| 3rd Low | 0.90229 |
0.91304 – 0.91347 – 0.91365 – 0.90905 – 0.90332 – 0.90229 —
0.91174 – 0.91240 —
60.933457418084 – 62.966256342392 —
– —
0.91304 – 1772472600
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows – – – – – – – – –