Besides a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. 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 zone at 0.91506 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three Black Crows’ candle pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92171 |
| 2nd High | 0.91687 |
| Next High | 0.91506 |
| Current Price | 0.90426 |
| Next Low | 0.90229 |
| 2nd Low | |
| 3rd Low |
0.91506 – 0.9149 – 0.91411 – 0.90229 – 0.91033 – 0.90606 —
0.90768 – 0.90672 —
39.401225803103 – 42.698414111188 —
– —
0.91506 – 1772107200
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows – – – – – – – – –