And also a ‘Bearish Engulfing’ chart pattern is detected. The chart shows ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.
Support & Resistance | Price Range* |
---|---|
3rd High | 160.33800 |
2nd High | 159.97600 |
Next High | 159.38600 |
Current Price | 159.28600 |
Next Low | 157.55500 |
2nd Low | 156.97900 |
3rd Low | 156.17400 |
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish Engulfing