EUR/USD – 30M – BUYBesides a ‘Bullish Engulfing’ chart pattern is found. The chart forms ‘Bullish Engulfing’. this 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 ‘Bullish Engulfing’ going up is 63%.
Besides a ‘Double top chart pattern’ chart pattern is found. The chart picture shows ‘Double top chart pattern’. this is a bearish signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.14734 |
| 2nd High | 1.14244 |
| Next High | 1.13787 |
| Current Price | 1.13172 |
| Next Low | 1.13154 |
| 2nd Low | 1.12956 |
| 3rd Low | 1.12762 |
1.13787 – 1.14244 – 1.14734 – 1.13154 – 1.12956 – 1.12762
Trading Signals: FOREX – EUR – EUR/USD – USD – Bullish Engulfing