EUR/USD – 30M – BUYFurthermore a ‘Bullish Engulfing’ candle pattern is found. The chart forms ‘Bullish Engulfing’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.06094 |
| 2nd High | 1.05969 |
| Next High | 1.05938 |
| Current Price | 1.05841 |
| Next Low | 1.05670 |
| 2nd Low | 1.05656 |
| 3rd Low | 1.04721 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Bullish Engulfing