EUR/USD – 30M – BUYThe pair Euro/US Dollar (EUR/USD) breaks through the ascending trendline up.
A continuation of the upward movement upwards to the next resistance level at 1.1899 will continue.
Caution: A possible reversal of the trend in the direction of the support line at 1.185 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘ ‘ indicator layout is found. The indicator shows ‘ ‘. which is often a bullish signal. The currency pair is likely to rise.
Besides a ‘Three White Soldiers’ candlestick pattern is existing. The chart forms ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.19065 |
| Next High | 1.1899 |
| Current Price | 1.19439 |
| Next Low | 1.185 |
| 2nd Low | 1.18345 |
| 3rd Low | 1.17279 |
1.1899 – 1.19065 – 1.18972 – 1.185 – 1.18345 – 1.18362 —
1.18892 – 1.19361 —
54.690780285121 – 70.164381085228 —
– —
1.18990 – 1769488200
Trading Signals: FOREX – EUR – EUR/USD – USD – Three White Soldiers – – – – – – – – –