EUR/USD – 1H – BUYMoreover a ‘Falling Wedge Chart Pattern’ chart pattern is detected. The formation shows ‘Falling Wedge Chart Pattern’. this is a bullish signal. The pair is likely to go up.
The pair Euro/US Dollar (EUR/USD) breaks through the descending trendline up.
An ascent up to the next resistance level at 1.14473 will persist.
Caution: A possible change in the direction of the support level at 1.13726 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.15469 |
| 2nd High | 1.14947 |
| Next High | 1.14473 |
| Current Price | 1.14601 |
| Next Low | 1.13726 |
| 2nd Low | 1.13713 |
| 3rd Low | 1.13568 |
1.14473 – 1.14353 – 1.14388 – 1.13726 – 1.13862 – 1.13713