EUR/USD – 1H – BUY

The currency pair Euro/US Dollar (EUR/USD) breaks through the bearish trendline upwards

A bullish trend up to the next resistance line at 1.18895 is certain.

Caution: A possible reversal of the trend in the direction of the support zone at 1.18467 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The currency pair is likely to rise.

Additionally a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The currency pair is likely to rise.

Additionally a ‘RSI Bullish Divergence’ indicator layout is discovered. The indicator shows ‘RSI Bullish Divergence’. which is often a bullish chart scenario. The currency pair is likely to rise.

Additionally a ‘MACD-Hist Bullish Divergence’ indicator layout is discovered. The indicator shows ‘MACD-Hist Bullish Divergence’. which is often a bullish chart scenario. The currency pair is likely to rise.

Additionally a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which could be a positive chart signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Current target is 1.18804 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 1.18895 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Outside Up’ candlestick pattern is detected. The candles form ‘Three Outside Up’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

1.18895 – 1.19269 – 1.19282 – 1.18467 – 1.18558 – 1.18519 —
1.18624 – 1.18704 —
43.819044105243 – 38.117154648581 —
– —
1.18895 – 1770919200

Trading Signals: FOREX – EUR – EUR/USD – USD – Three Outside Up – – – – – – – – –