EUR/USD – 30M – SELLAlso there is a ‘Bearish Engulfing’ chart pattern is found. The candles form ‘Bearish Engulfing’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.04471 |
| 2nd High | 1.04452 |
| Next High | 1.04438 |
| Current Price | 1.04218 |
| Next Low | 1.04051 |
| 2nd Low | 1.03904 |
| 3rd Low | 1.03832 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish Engulfing