Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Current target is 0.91954 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of resistance at 0.91918 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Bearish SBS White Lines’ chart pattern is detected. The candles show ‘Bearish SBS White Lines’. 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 chance of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92321 |
| 2nd High | 0.92053 |
| Next High | 0.91918 |
| Current Price | 0.91814 |
| Next Low | 0.917 |
| 2nd Low | 0.91587 |
| 3rd Low | 0.91516 |
0.91918 – 0.9181 – 0.92053 – 0.917 – 0.91587 – 0.91625 —
0.91854 – 0.91839 —
50.586946371747 – 45.540427325868 —
– —
0.91918 – 1776931200
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish SBS White Lines – – – – – – – – –