EUR/USD – 1H – BUYThe combination Euro/US Dollar (EUR/USD) moves from the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance at 1.05925 will continue.
Caution: A possible change in the direction of the support level at 1.05159 could happen.
Consider stop-loss settings accordingly.
Furthermore a ‘Three White Soldiers’ candlestick chart pattern is discovered. The candles form ‘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 chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.06628 |
| 2nd High | 1.06542 |
| Next High | 1.05925 |
| Current Price | 1.05683 |
| Next Low | 1.05159 |
| 2nd Low | 1.04961 |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/USD – USD – Three White Soldiers