EUR/GBP – 30M – BUYIn addition a ‘Bullish Engulfing’ candlestick chart pattern is found. The chart shows ‘Bullish Engulfing’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.83002 |
| 2nd High | 0.82938 |
| Next High | 0.82851 |
| Current Price | 0.82805 |
| Next Low | 0.82687 |
| 2nd Low | 0.82663 |
| 3rd Low | 0.82649 |
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bullish Engulfing