EUR/USD – 1H – BUYThe currency pair Euro/US Dollar (EUR/USD) breaks through the ascending trendline upwards
A continuation of the upward movement up to the next resistance level at 1.15891 is considered certain.
Caution: A possible trend reversal in the direction of the support zone at 1.15567 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Three White Soldiers’ chart pattern is discovered. The chart shows ‘Three White Soldiers’. this 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 chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.1644 |
| 2nd High | 1.15894 |
| Next High | 1.15891 |
| Current Price | 1.16122 |
| Next Low | 1.15567 |
| 2nd Low | 1.15025 |
| 3rd Low | 1.14994 |
1.15891 – 1.15894 – 1.15727 – 1.15567 – 1.15025 – 1.15253 —
1.15774 – 1.16008 —
53.058948286317 – 62.366194318824 —
– —
1.15891 – 1781265600
Trading Signals: FOREX – EUR – EUR/USD – USD – Three White Soldiers – – – – – – – – –