Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is expected. Current target is 0.9128722 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 0.9134 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Bearish Harami’ chart pattern is found. The candles show ‘Bearish Harami’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91506 |
| 2nd High | 0.91452 |
| Next High | 0.9134 |
| Current Price | 0.91250 |
| Next Low | 0.9086 |
| 2nd Low | 0.90682 |
| 3rd Low | 0.90614 |
0.91161 – 0.9134 – 0.91452 – 0.9086 – 0.90909 – 0.91012 —
0.91102 – 0.91197 —
37.047538765685 – 56.515934941653 —
– —
0.91161 – 1774049400
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Harami – – – – – – – – –