EUR/USD – 30M – SELLFurthermore a ‘Bearish Engulfing’ candle chart pattern is detected. The chart shows ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.06542 |
| 2nd High | 1.06094 |
| Next High | 1.05873 |
| Current Price | 1.05789 |
| Next Low | 1.05475 |
| 2nd Low | 1.05275 |
| 3rd Low | 1.04744 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish Engulfing