Next a ‘Three Outside Down’ candle pattern is existing. The candles show ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 1.05340 |
2nd High | 1.05155 |
Next High | 1.05124 |
Current Price | 1.04945 |
Next Low | 1.04853 |
2nd Low | 1.04794 |
3rd Low | 1.04744 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Outside Down