EUR/USD – 1H – BUYThere is also a ‘Double top retreat up’ chart formation is existing. The chart picture shows ‘Double top retreat up’. this is a bullish chart scenario. The pair is likely to go up.
There is also a ‘Bullish Belt Hold’ candle pattern is detected. The candles form ‘Bullish Belt Hold’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.17871 |
| 2nd High | 1.17422 |
| Next High | 1.1697 |
| Current Price | 1.16497 |
| Next Low | 1.16287 |
| 2nd Low | 1.15736 |
| 3rd Low | 1.14532 |
1.1697 – 1.16649 – 1.17422 – 1.16287 – 1.15736 – 1.16018 — 25.276218750578 – 40.757368738114 — 12.388835163168 – 34.533382506807 – 7.3111224883226 – 18.822249990592
Trading Signals: FOREX – EUR – EUR/USD – USD – Bullish Belt Hold – Double top retreat up – –