The combination Euro/US Dollar (EUR/USD) breaks through the bullish trendline upwards
A continuation of the upward movement up to the next resistance line at 1.17874 is considered certain.
Caution: A possible counter-trend in the direction of the support zone at 1.17666 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Bearish SBS White Lines’ candle pattern is discovered. The chart shows ‘Bearish SBS White Lines’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.18264 |
| 2nd High | 1.18235 |
| Next High | 1.17874 |
| Current Price | 1.17941 |
| Next Low | 1.17666 |
| 2nd Low | 1.16801 |
| 3rd Low | 1.16776 |
1.17874 – 1.18235 – 1.18076 – 1.17666 – 1.17716 – 1.17784 —
1.17828 – 1.17983 —
42.564983857932 – 61.168140208718 —
– —
1.17874 – 1776387600
Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish SBS White Lines – – – – – – – – –