EUR/USD – 1H – BUY

The combination Euro/US Dollar (EUR/USD) breaks through the bearish trendline up.

An ascent up to the next resistance level at 1.18285 is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at 1.17735 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘MACD crosses below signal’ indicator layout is discovered. The indicator is ‘MACD crosses below signal’. which could be a negative chart scenario. The currency pair could go down.

In addition a ‘Bearish SBS White Lines’ candle pattern is existing. The chart shows ‘Bearish SBS White Lines’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

1.18285 – 1.18076 – 1.18343 – 1.17735 – 1.17706 – 1.17656 —
1.18009 – 1.18111 —
50.649702087656 – 46.013925209246 —
– —
1.18285 – 1772074800

Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish SBS White Lines – – – – – – – – –