EUR/USD – 30M – SELLIn addition a ‘Bearish Engulfing’ candlestick pattern is found. The chart forms ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to go down. 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 | 1.05124 |
| 2nd High | 1.04580 |
| Next High | 1.04366 |
| Current Price | 1.04063 |
| Next Low | 1.03757 |
| 2nd Low | 1.02952 |
| 3rd Low | 1.02732 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish Engulfing