In addition a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.15069 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 1.1645 could occur.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Southern Doji’ candlestick chart pattern is detected. The candles show ‘Southern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.17955 |
| 2nd High | 1.1667 |
| Next High | 1.1645 |
| Current Price | 1.15388 |
| Next Low | 1.15313 |
| 2nd Low | 1.15069 |
| 3rd Low | 1.15014 |
1.1645 – 1.1667 – 1.16632 – 1.15313 – 1.16025 – 1.16066 —
1.15557 – 1.15659 —
46.243712925944 – 52.012398475313 —
– —
1.1645 – 1773223200
Trading Signals: FOREX – EUR – EUR/USD – USD – Southern Doji – – – – – – – – –