The combination Euro/US Dollar (EUR/USD) moves from the bullish trendline up.
A continuation of the upward movement upwards to the next resistance level at 1.16773 will persist.
Caution: A possible change in the direction of the support zone at 1.16405 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘%K crosses above %D’ indicator layout is existing. The indicator is ‘%K crosses above %D’. which is often a bullish chart signal. The currency pair could go up.
And also a ‘Bullish Belt Hold’ candlestick chart pattern is found. The candles form ‘Bullish Belt Hold’. this is a bullish pattern signal. The currency pair is likely to rise. 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 | 1.16984 |
| 2nd High | 1.1698 |
| Next High | 1.16773 |
| Current Price | 1.16593 |
| Next Low | 1.16405 |
| 2nd Low | 1.16359 |
| 3rd Low | 1.16337 |
1.16773 – 1.1698 – 1.16709 – 1.16405 – 1.16359 – 1.16337 —
1.16500 – 1.16488 —
44.878089507984 – 48.831047383185 —
1.16405 – 1768384800 —
1.16773 – 1768318200
Trading Signals: FOREX – EUR – EUR/USD – USD – Bullish Belt Hold – – – – – – – – –