EUR/USD – 30M – BUYAnd also a ‘Hammer’ candlestick pattern is discovered. The candles show ‘Hammer’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Hammer’ heading up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.05155 |
| 2nd High | 1.05124 |
| Next High | 1.04580 |
| Current Price | 1.04032 |
| Next Low | 1.03713 |
| 2nd Low | 1.03430 |
| 3rd Low | 1.03328 |