EUR/USD – 30M – SELLThen a ‘Bearish Engulfing’ candle pattern is found. The chart shows ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.06542 |
| 2nd High | 1.06297 |
| Next High | 1.05940 |
| Current Price | 1.05487 |
| Next Low | 1.05470 |
| 2nd Low | 1.05318 |
| 3rd Low | 1.04721 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish Engulfing