Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 1.14168 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 1.1462 could be enabled.
Consider stop-loss settings accordingly.
There is also a ‘Three Black Crows’ candle chart pattern is found. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.14802 |
| 2nd High | 1.14723 |
| Next High | 1.1462 |
| Current Price | 1.14434 |
| Next Low | 1.14201 |
| 2nd Low | 1.13733 |
| 3rd Low | 1.13613 |
1.1462 – 1.14723 – 1.14114 – 1.14201 – 1.13733 – 1.13613 —
1.14572 – 1.14523 —
63.435354537504 – 53.368136114749 —
– —
1.1462 – 1783071000
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Black Crows – – – – – – – – –