Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.86336 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.86476 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Bearish Harami’ candle pattern is discovered. The chart shows ‘Bearish Harami’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86735 |
| 2nd High | 0.86657 |
| Next High | 0.86476 |
| Current Price | 0.86407 |
| Next Low | 0.8633 |
| 2nd Low | 0.86252 |
| 3rd Low | 0.86221 |
0.86476 – 0.86446 – 0.86363 – 0.8633 – 0.86252 – 0.86221 —
0.86415 – 0.86396 —
55.831633329149 – 44.085193759038 —
– —
0.86476 – 1777921200
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bearish Harami – – – – – – – – –