Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Current target is 1.14723 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the resistance level at 1.14723 should be noted.
Consider stop-loss settings accordingly.
There is also a ‘Three Outside Up’ chart pattern is found. The candles form ‘Three Outside Up’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.14871 |
| 2nd High | 1.14802 |
| Next High | 1.14723 |
| Current Price | 1.14536 |
| Next Low | 1.14201 |
| 2nd Low | 1.13733 |
| 3rd Low | 1.13613 |
1.14723 – 1.14114 – 1.14362 – 1.14201 – 1.13733 – 1.13613 —
1.14441 – 1.14535 —
62.459998872202 – 62.894670383376 —
– —
1.14723 – 1783006200
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Outside Up – – – – – – – – –