EUR/USD – 30M – BUYThe currency pair Euro/US Dollar (EUR/USD) breaks through the bearish trendline upwards
A bullish movement up to the next resistance at 1.05821 will continue.
Caution: A possible counter-trend in the direction of the support line at 1.05118 could happen.
Consider stop-loss settings accordingly.
Also there is a ‘Three White Soldiers’ chart pattern is discovered. The candles show ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.06628 |
| 2nd High | 1.06542 |
| Next High | 1.05821 |
| Current Price | 1.05697 |
| Next Low | 1.05118 |
| 2nd Low | 1.04961 |
| 3rd Low |