EUR/USD – 1H – BUYNext a ‘Double bottom retreat down’ chart layout is existing. The chart shows ‘Double bottom retreat down’. which is a negative pattern signal. The currency pair is likely to fall.
The currency pair Euro/US Dollar (EUR/USD) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance level at 1.15299 is likely expected.
Caution: A possible reversal of the trend in the direction of support at could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.16144 |
| 2nd High | 1.15797 |
| Next High | 1.15299 |
| Current Price | 1.15193 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.15299 – 1.15797 – 1.16144 – 1.14459 – 1.14742 – 1.15422