EUR/USD – 30M – BUYThere is also a ‘Bullish Engulfing’ candle pattern is detected. The chart shows ‘Bullish Engulfing’. this is a bullish pattern signal. The currency pair is likely to rise. 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 | 1.05370 |
| 2nd High | 1.05305 |
| Next High | 1.05207 |
| Current Price | 1.04633 |
| Next Low | 1.04604 |
| 2nd Low | 1.04571 |
| 3rd Low | 1.04252 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Bullish Engulfing