Moreover a ‘In-Neck’ candlestick chart pattern is detected. The chart forms ‘In-Neck’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘In-Neck’ going down is 53% (Bull Market) & 65% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 227.560000000 |
2nd High | 223.890000000 |
Next High | 223.180000000 |
Current Price | 196.350000000 |
Next Low | 188.000000000 |
2nd Low | 185.890000000 |
3rd Low | 183.130000000 |