EUR/USD – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Current target is 1.151675 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 1.14871 could occur.
Consider stop-loss settings accordingly.
There is also a ‘Bullish Belt Hold’ candle pattern is existing. The chart forms ‘Bullish Belt Hold’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.16161 |
| 2nd High | 1.15279 |
| Next High | 1.14871 |
| Current Price | 1.14681 |
| Next Low | 1.14174 |
| 2nd Low | 1.14139 |
| 3rd Low | 1.14104 |
1.14653 – 1.14871 – 1.15279 – 1.14174 – 1.14509 – 1.14529 —
1.14617 – 1.14656 —
52.153946536879 – 54.302354755569 —
– —
1.14653 – 1781839800
Trading Signals: FOREX – EUR – EUR/USD – USD – Bullish Belt Hold – – – – – – – – –