Moreover a ‘Bullish Engulfing’ candle pattern is detected. The chart forms ‘Bullish Engulfing’. 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 ‘Bullish Engulfing’ going up is 63%.
Support & Resistance | Price Range* |
---|---|
3rd High | 162.00700 |
2nd High | 160.33800 |
Next High | 159.38600 |
Current Price | 158.51400 |
Next Low | 157.55500 |
2nd Low | 156.17400 |
3rd Low |
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bullish Engulfing