Also there is a ‘Tweezers Top’ candlestick pattern is discovered. The candles show ‘Tweezers Top’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
Also there is a ‘Double top chart pattern’ chart formation is detected. The chart forms ‘Double top chart pattern’. which is a negative pattern signal. The pair is likely to go down.
Also there is a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.
Support & Resistance | Price Range* |
---|---|
3rd High | 162.80100 |
2nd High | 162.63200 |
Next High | 162.15700 |
Current Price | 161.99600 |
Next Low | 161.68600 |
2nd Low | 161.23900 |
3rd Low | 160.94900 |
162.15700 – 162.09700 – 162.01500 – 161.68600 – 161.69400 – 161.23900
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Tweezers Top