EUR/USD – 1H – BUYThe combination Euro/US Dollar (EUR/USD) breaks through the descending trendline up.
A bullish trend up to the next resistance line at 1.17849 will continue.
Caution: A possible counter-trend in the direction of the support zone at 1.1676 could happen.
Consider stop-loss settings accordingly.
Additionally a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Additionally a ‘Three White Soldiers’ chart pattern is discovered. The chart shows ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.18487 |
| 2nd High | 1.17906 |
| Next High | 1.17849 |
| Current Price | 1.17622 |
| Next Low | 1.1676 |
| 2nd Low | 1.16546 |
| 3rd Low | 1.16429 |
1.17849 – 1.17412 – 1.17201 – 1.1676 – 1.17149 – 1.17184 —
1.17251 – 1.17352 —
63.914389982115 – 69.27615430744 —
– —
1.17849 – 1777654800
Trading Signals: FOREX – EUR – EUR/USD – USD – Three White Soldiers – – – – – – – – –