Additionally a ‘Bullish Engulfing’ chart pattern is detected. The chart forms ‘Bullish Engulfing’. which is a positive 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 | 163.79700 |
2nd High | 163.65900 |
Next High | 163.59300 |
Current Price | 163.54000 |
Next Low | 162.84100 |
2nd Low | 162.50700 |
3rd Low | 162.33800 |
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bullish Engulfing