The pair Euro/US Dollar (EUR/USD) breaks through the bearish trendline up.
A bullish trend up to the next resistance at 1.18875 will persist.
Caution: A possible reversal of the trend in the direction of the support zone at is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart signal. The currency pair could go up.
Then a ‘Three Inside Up’ candlestick chart pattern is existing. The candles show ‘Three Inside Up’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Inside Up’ going up is 65% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.19282 |
| 2nd High | 1.19269 |
| Next High | 1.18875 |
| Current Price | 1.18845 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.18875 – 1.18842 – 1.19269 – 1.18519 – 1.18326 – 1.18858 —
1.18875 – 1.18818 —
59.695480320589 – 46.754340523393 —
1.18875 – 1770894000 —
– 1770894000
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Inside Up – – – – – – – – –