And also a ‘Three Outside Up’ chart pattern is detected. The chart shows ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 1.05677 |
2nd High | 1.05390 |
Next High | 1.05370 |
Current Price | 1.04953 |
Next Low | 1.04803 |
2nd Low | 1.04721 |
3rd Low | 1.04604 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Outside Up