And also a ‘Matching Low’ chart pattern is detected. The candles show ‘Matching Low’. 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 probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 1.48587 |
2nd High | 1.48246 |
Next High | 1.48188 |
Current Price | 1.47663 |
Next Low | 1.47645 |
2nd Low | 1.47492 |
3rd Low | 1.47177 |
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Matching Low