EUR/USD – 30M – BUYThe currency pair Euro/US Dollar (EUR/USD) breaks through the bearish trendline upwards
A bullish movement upwards to the next resistance line at 1.18842 will persist.
Caution: A possible trend reversal in the direction of the support line at could happen.
Consider stop-loss settings accordingly.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair is likely to rise.
In addition a ‘Three White Soldiers’ candle pattern is found. The chart forms ‘Three White Soldiers’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.19282 |
| 2nd High | 1.19269 |
| Next High | 1.18842 |
| Current Price | 1.18850 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.18842 – 1.19269 – 1.19282 – 1.18326 – 1.18858 – 1.18863 —
1.18680 – 1.18805 —
34.19789900777 – 54.056612320856 —
– —
1.18842 – 1770868800
Trading Signals: FOREX – EUR – EUR/USD – USD – Three White Soldiers – – – – – – – – –