EUR/USD – 30M – BUYNext a ‘On Neck’ candle chart pattern is existing. The chart forms ‘On Neck’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘On Neck’ going down is 56% (Bull Market) & 58% (Bear Market).
Next a ‘Double top chart pattern’ chart layout is found. The chart shows ‘Double top chart pattern’. which is a bearish signal. The currency pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.14395 |
| 2nd High | 1.14246 |
| Next High | 1.14184 |
| Current Price | 1.13851 |
| Next Low | 1.13698 |
| 2nd Low | 1.13291 |
| 3rd Low | 1.13153 |
1.14184 – 1.14246 – 1.13805 – 1.13698 – 1.13737 – 1.13291