EUR/USD – 30M – BUY

The currency pair Euro/US Dollar (EUR/USD) goes from the bullish trendline up.

A continuation of the uptrend upwards to the next resistance level at 1.15712 is considered certain.

Caution: A possible reversal of the trend in the direction of the support line at is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart signal. The currency pair is likely to rise.

Next a ‘RSI Hidden Bullish Divergence’ indicator signal is found. The indicator is ‘RSI Hidden Bullish Divergence’. which could be a positive chart signal. The currency pair is likely to rise.

Next a ‘Three Outside Up’ chart pattern is found. The candles show ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

1.15712 – 1.15684 – 1.15288 – 1.15338 – 1.15048 – 1.15289 —
1.15483 – 1.15421 —
48.611604904238 – 46.235533656347 —
– —
1.15712 – 1775496600

Trading Signals: FOREX – EUR – EUR/USD – USD – Three Outside Up – – – – – – – – –