EUR/USD – 30M – BUYThe combination Euro/US Dollar (EUR/USD) moves from the descending trendline up.
The bullish trend upwards to the next resistance level at 1.16613 will persist.
Caution: A possible trend reversal in the direction of the support zone at 1.16256 is also possible.
Consider stop-loss settings accordingly.
Additionally a ‘Bullish Belt Hold’ candle chart pattern is found. The chart forms ‘Bullish Belt Hold’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.1698 |
| 2nd High | 1.16773 |
| Next High | 1.16613 |
| Current Price | 1.16337 |
| Next Low | 1.16256 |
| 2nd Low | 1.16212 |
| 3rd Low | 1.16178 |
1.16613 – 1.16773 – 1.1698 – 1.16256 – 1.16327 – 1.1635 —
1.16315 – 1.16376 —
34.131587930363 – 45.555518947238 —
– —
1.16613 – 1768413600
Trading Signals: FOREX – EUR – EUR/USD – USD – Bullish Belt Hold – – – – – – – – –