The currency pair Euro/US Dollar (EUR/USD) breaks through the descending trendline upwards
A bullish trend up to the next resistance at 1.18014 is expected.
Caution: A possible counter-trend in the direction of support at should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive signal. The pair is likely to go up.
Also there is a ‘StochRSI %K line crosses above %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The pair is likely to go up.
Also there is a ‘Three White Soldiers’ candlestick pattern is found. The candles form ‘Three White Soldiers’. which is a positive chart scenario. 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 | 1.18377 |
| 2nd High | 1.18214 |
| Next High | 1.18014 |
| Current Price | 1.18193 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.18014 – 1.18214 – 1.18083 – 1.17651 – 1.17814 – 1.17799 —
1.18107 – 1.18154 —
70.089229918867 – 59.579618447672 —
– —
1.18014 – 1770366600
Trading Signals: FOREX – EUR – EUR/USD – USD – Three White Soldiers – – – – – – – – –