Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Current target is 185.115 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance line at 187.554 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three White Soldiers’ candle pattern is found. The chart forms ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 187.948 |
| Next High | 187.554 |
| Current Price | 183.75900 |
| Next Low | 182.282 |
| 2nd Low | 182.045 |
| 3rd Low | 181.866 |
187.554 – 187.105 – 187.361 – 182.282 – 186.065 – 186.413 —
183.94500 – 183.85200 —
36.093825878287 – 41.439291124963 —
– —
187.554 – 1777536000
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three White Soldiers – – – – – – – – –