EUR/USD – 30M – BUYAnd also a ‘Double top retreat up’ chart formation is existing. The chart picture shows ‘Double top retreat up’. this is a bullish signal. The pair is likely to go up.
The pair Euro/US Dollar (EUR/USD) jumps from the bearish trendline up.
An ascent upwards to the next resistance level at 1.18096 is likely expected.
Caution: A possible trend reversal in the direction of the support line at 1.17610 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Three Line Strike – Bullish’ candle chart pattern is detected. The chart shows ‘Three Line Strike – Bullish’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Line Strike – Bullish’ heading up is 83% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.18294 |
| Next High | 1.18096 |
| Current Price | 1.17774 |
| Next Low | 1.17610 |
| 2nd Low | 1.17074 |
| 3rd Low | 1.16875 |
1.18096 – 1.18294 – 1.18073 – 1.17610 – 1.17672 – 1.17074
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Line Strike – Bullish – Double top retreat up