There is also a ‘Bearish Engulfing’ candle chart pattern is existing. The candles show ‘Bearish Engulfing’. 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 success rate of a ‘Bearish Engulfing’ going down is 79%.
Support & Resistance | Price Range* |
---|---|
3rd High | 1.05370 |
2nd High | 1.05305 |
Next High | 1.05207 |
Current Price | 1.04599 |
Next Low | 1.04571 |
2nd Low | 1.04252 |
3rd Low | 1.03918 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish Engulfing