EUR/USD – 30M – BUYThe pair Euro/US Dollar (EUR/USD) breaks through the bearish trendline up.
A bullish trend up to the next resistance level at 1.05821 will continue.
Caution: A possible counter-trend in the direction of the support line at 1.04961 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three White Soldiers’ candlestick pattern is found. The candles show ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.06628 |
| 2nd High | 1.06542 |
| Next High | 1.05821 |
| Current Price | 1.05294 |
| Next Low | 1.04961 |
| 2nd Low | |
| 3rd Low |