Besides a ‘Bullish Engulfing’ chart pattern is detected. The candles form ‘Bullish Engulfing’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.
Support & Resistance | Price Range* |
---|---|
3rd High | 1.05155 |
2nd High | 1.05124 |
Next High | 1.04222 |
Current Price | 1.03651 |
Next Low | 1.03439 |
2nd Low | 1.03328 |
3rd Low |
Trading Signals: FOREX – EUR – EUR/USD – USD – Bullish Engulfing