EUR/USD – 30M – BUYBesides a ‘Bullish Engulfing’ chart pattern is detected. The candles show ‘Bullish Engulfing’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.05124 |
| 2nd High | 1.04580 |
| Next High | 1.04366 |
| Current Price | 1.04133 |
| Next Low | 1.03757 |
| 2nd Low | 1.02952 |
| 3rd Low | 1.02732 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Bullish Engulfing