And also a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The candles form ‘Bearish Engulfing’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.94423 |
2nd High | 0.94176 |
Next High | 0.94094 |
Current Price | 0.94035 |
Next Low | 0.93578 |
2nd Low | 0.93538 |
3rd Low | 0.93483 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Engulfing