EUR/USD – 30M – BUY

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

A bullish movement up to the next resistance at 1.19543 is expected.

Caution: A possible reversal of the trend in the direction of the support zone at 1.18394 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bullish chart signal. The currency pair could go up.

Additionally a ‘Bearish SBS White Lines’ candlestick chart pattern is detected. The chart forms ‘Bearish SBS White Lines’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

1.19543 – 1.19741 – 1.19721 – 1.18394 – 1.18979 – 1.18946 —
1.18633 – 1.18656 —
39.461839028873 – 42.592042246983 —
– —
1.19543 – 1769781600

Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish SBS White Lines – – – – – – – – –