EUR/USD – 30M – SELLFurthermore a ‘Bearish Engulfing’ chart pattern is discovered. The chart forms ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.03572 |
| 2nd High | 1.03240 |
| Next High | 1.03210 |
| Current Price | 1.03055 |
| Next Low | 1.03049 |
| 2nd Low | 1.02729 |
| 3rd Low | 1.02643 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish Engulfing