EUR/USD – 1H – BUY

The pair Euro/US Dollar (EUR/USD) breaks through the bullish trendline up.

A continuation of the bullish trend upwards to the next resistance line at 1.1652 is certain.

Caution: A possible counter-trend in the direction of the support zone at should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The currency pair could go up.

Next a ‘%K cross above 20’ indicator layout is discovered. The indicator shows ‘%K cross above 20’. which is often a bullish signal. The currency pair could go up.

Next a ‘Three Line Strike – Bullish’ candle pattern is existing. The chart forms ‘Three Line Strike – Bullish’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Line Strike – Bullish’ heading up is 83% (Bear Market).

1.1652 – 1.16017 – 1.16132 – 1.1589 – 1.15549 – 1.15762 —
1.16340 – 1.16099 —
56.902506921681 – 45.855541725354 —
– —
1.16520 – 1764601200

Trading Signals: FOREX – EUR – EUR/USD – USD – Three Line Strike – Bullish – – – – – – – – –