EUR/USD – 1H – BUY

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

A bullish trend up to the next resistance line at 1.15659 is expected.

Caution: A possible counter-trend in the direction of the support line at 1.14104 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.15387 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 1.15659 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Three White Soldiers’ chart pattern is existing. The candles show ‘Three White Soldiers’. 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 likelyhood of ‘Three White Soldiers’ going up is 82%.

1.15659 – 1.1645 – 1.1667 – 1.14104 – 1.14324 – 1.16025 —
1.14510 – 1.14522 —
43.081079232321 – 48.418945560421 —
– —
1.15659 – 1773324000

Trading Signals: FOREX – EUR – EUR/USD – USD – Three White Soldiers – – – – – – – – –