Furthermore a ‘Bullish Engulfing’ candlestick chart pattern is detected. The candles show ‘Bullish Engulfing’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.
Support & Resistance | Price Range* |
---|---|
3rd High | 1.65998 |
2nd High | 1.65839 |
Next High | 1.65767 |
Current Price | 1.65118 |
Next Low | 1.64192 |
2nd Low | 1.63974 |
3rd Low | 1.63613 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bullish Engulfing