EUR/USD – 30M – BUYThe combination Euro/US Dollar (EUR/USD) goes from the bullish trendline up.
A continuation of the uptrend upwards to the next resistance line at 1.05299 will persist.
Caution: A possible change in the direction of support at 1.04252 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend will persist. Current target is 1.05444 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the resistance level at 1.05299 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three White Soldiers’ candlestick pattern is detected. The chart shows ‘Three White Soldiers’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.05545 |
| 2nd High | 1.05444 |
| Next High | 1.05299 |
| Current Price | 1.05165 |
| Next Low | 1.04252 |
| 2nd Low | 1.03918 |
| 3rd Low | 1.03328 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Three White Soldiers