EUR/USD – 1H – BUYThe currency pair Euro/US Dollar (EUR/USD) breaks through the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance at 1.17413 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 1.17159 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Bullish Belt Hold’ candle pattern is discovered. The candles show ‘Bullish Belt Hold’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.17796 |
| 2nd High | 1.17473 |
| Next High | 1.17413 |
| Current Price | 1.17710 |
| Next Low | 1.17159 |
| 2nd Low | 1.1701 |
| 3rd Low | 1.16595 |
1.17413 – 1.17473 – 1.17457 – 1.17159 – 1.1701 – 1.16595 — 62.698432865268 – 68.518672536822 — 73.599166015116 – 67.733838113658 – 87.016995185383 – 76.261607889936
Trading Signals: FOREX – EUR – EUR/USD – USD – Bullish Belt Hold – – –