EUR/USD – 30M – BUY

The combination Euro/US Dollar (EUR/USD) breaks through the ascending trendline upwards

A continuation of the upward movement upwards to the next resistance level at 1.17779 is expected.

Caution: A possible counter-trend in the direction of the support zone at 1.17225 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish signal. The currency pair could go up.

And also a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The currency pair could go up.

Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.17963 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the resistance zone at 1.17779 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Outside Up’ chart pattern is detected. The chart forms ‘Three Outside Up’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

1.17779 – 1.1763 – 1.17963 – 1.17225 – 1.17446 – 1.17414 —
1.17655 – 1.17667 —
71.518578695362 – 64.679848266243 —
– —
1.17779 – 1778157000

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