Moreover a ‘Falling Window’ candle pattern is existing. The candles show ‘Falling Window’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Falling Window’ heading down is 67% (Bull Market) and 73% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 1.05842 |
2nd High | 1.05382 |
Next High | 1.05303 |
Current Price | 1.05076 |
Next Low | 1.04919 |
2nd Low | 1.04806 |
3rd Low | 1.04604 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Falling Window