EURUSD Bullish Engulfing 4-Hour Chart

Resistance: 1.3072 moderate/1.3100 minor/1.3147 minor Support: 1.3026 strong/1.2998 moderate/1.2951 minor EURUSD is generally bullish though prices are just under a moderate resistance at 1.3072. With a mid level bullish candlestick pattern, Bullish Engulfing in 4-Hour charts, look for possible buys on a close above the said price. Immediate target is 1.3100 possibly 1.3147 on a break of the latter. A stop loss should be placed below the pattern low or alternatively just under 1.3026.

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EURUSD Bullish Engulfing 4-Hour Chart

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