EUR/USD – 4H – BUYMoreover a ‘Hammer’ candle chart pattern is existing. The chart forms ‘Hammer’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Hammer’ going up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.05340 |
| 2nd High | 1.04580 |
| Next High | 1.04366 |
| Current Price | 1.03019 |
| Next Low | 1.01772 |
| 2nd Low | |
| 3rd Low |