EUR/USD – 1H – BUY

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

A continuation of the bullish trend upwards to the next resistance at 1.17545 is likely expected.

Caution: A possible trend reversal in the direction of the support zone at 1.16546 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a positive signal. The currency pair is likely to rise.

Then a ‘Three White Soldiers’ candle chart pattern is existing. The chart shows ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.

1.17412 – 1.17201 – 1.17545 – 1.16546 – 1.16609 – 1.1677 —
1.17318 – 1.17579 —
58.029614449362 – 65.245634009555 —
– —
1.17412 – 1777586400

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