Moreover a ‘Evening Star’ chart pattern is existing. The candles show ‘Evening Star’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Evening Star’ heading down is 72% (Bull & Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 1.63611 |
2nd High | 1.63070 |
Next High | 1.62524 |
Current Price | 1.62307 |
Next Low | 1.61583 |
2nd Low | 1.61260 |
3rd Low | 1.59661 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Evening Star