EUR/USD – 30M – BUY

The pair Euro/US Dollar (EUR/USD) goes from the descending trendline upwards

A bullish movement up to the next resistance at 1.187 will persist.

Caution: A possible change in the direction of the support line at 1.18326 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Bullish Engulfing’ candle pattern is found. The candles form ‘Bullish Engulfing’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.

1.187 – 1.18846 – 1.18731 – 1.18458 – 1.18585 – 1.18473 —
1.18442 – 1.18420 —
30.453609717744 – 33.501053122648 —
– —
1.187 – 1771236000

Trading Signals: FOREX – EUR – EUR/USD – USD – Bullish Engulfing – – – – – – – – –