Also there is a ‘StochRSI %K falls below 0.8’ indicator signal is detected. The indicator is ‘StochRSI %K falls below 0.8’. this is usually a bearish signal. The currency pair is likely to fall.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.173045 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 1.17849 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three Black Crows’ candle chart pattern is detected. The candles form ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.18487 |
| 2nd High | 1.17906 |
| Next High | 1.17849 |
| Current Price | 1.17503 |
| Next Low | 1.16896 |
| 2nd Low | 1.1676 |
| 3rd Low | 1.16546 |
1.17132 – 1.17385 – 1.17849 – 1.16896 – 1.1676 – 1.16805 —
1.17703 – 1.17698 —
81.308635892714 – 59.217691072805 —
– —
1.17132 – 1778005800
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows – – – – – – – – –