Besides a ‘Inverse Head and Shoulder chart pattern’ chart pattern is found. The chart forms ‘Inverse Head and Shoulder chart pattern’. which is a positive signal. The currency pair is likely to go up.
Besides a ‘Bullish Belt Hold’ candle pattern is discovered. The chart shows ‘Bullish Belt Hold’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.17795 |
| 2nd High | 1.17683 |
| Next High | 1.17425 |
| Current Price | 1.16863 |
| Next Low | 1.16322 |
| 2nd Low | 1.16107 |
| 3rd Low | 1.15766 |
1.17425 – 1.17339 – 1.17683 – 1.17008 – 1.17104 – 1.16322 —
1.17089 – 1.16915 —
40.391164846314 – 37.276542508966 —
– —
1.17425 – 1769009400
Trading Signals: FOREX – EUR – EUR/USD – USD – Bullish Belt Hold – Inverse Head and Shoulder chart pattern – – – – – – – –