EUR/USD – 1H – BUYBesides a ‘MACD crosses above signal’ indicator layout is detected. The indicator is ‘MACD crosses above signal’. which could be a positive signal. The currency pair could go up.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.158695 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 1.1645 could be enabled.
Consider stop-loss settings accordingly.
Besides a ‘Three White Soldiers’ candlestick pattern is discovered. The candles show ‘Three White Soldiers’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.18264 |
| 2nd High | 1.1667 |
| Next High | 1.1645 |
| Current Price | 1.15506 |
| Next Low | 1.15069 |
| 2nd Low | 1.14908 |
| 3rd Low | 1.14682 |
1.1645 – 1.1667 – 1.16632 – 1.16025 – 1.15069 – 1.15584 —
1.15735 – 1.15449 —
31.697864800171 – 33.751890470182 —
– —
1.1645 – 1773223200
Trading Signals: FOREX – EUR – EUR/USD – USD – Three White Soldiers – – – – – – – – –