Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.15384436 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 1.1621 could happen.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three Black Crows’ candle pattern is found. The candles form ‘Three Black Crows’. which is a bearish pattern 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 | 1.16543 |
| 2nd High | 1.1647 |
| Next High | 1.1621 |
| Current Price | 1.15761 |
| Next Low | 1.15069 |
| 2nd Low | 1.14908 |
| 3rd Low | 1.14682 |
1.1621 – 1.16209 – 1.1647 – 1.15069 – 1.15584 – 1.15298 —
1.15726 – 1.15989 —
48.441889689103 – 56.321720579188 —
– —
1.1621 – 1772827200
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows – – – – – – – – –