Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The currency pair could go up.
Then a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a positive chart scenario. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Target of the current trend is 1.16693 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 1.1667 is within the realm of possibility.
Consider stop-loss settings accordingly.
Then a ‘Three White Soldiers’ candle chart pattern is discovered. The candles form ‘Three White Soldiers’. this is a bullish chart scenario. 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%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.18343 |
| 2nd High | 1.18285 |
| Next High | 1.1667 |
| Current Price | 1.15841 |
| Next Low | 1.14104 |
| 2nd Low | 1.13713 |
| 3rd Low | 1.13568 |
1.1667 – 1.18285 – 1.18343 – 1.14104 – 1.15069 – 1.15298 —
1.15489 – 1.14895 —
53.114963804278 – 46.946791161301 —
– —
1.1667 – 1773172800
Trading Signals: FOREX – EUR – EUR/USD – USD – Three White Soldiers – – – – – – – – –