EUR/USD – 30M – BUYThe combination Euro/US Dollar (EUR/USD) breaks through the bullish trendline upwards
A continuation of the uptrend up to the next resistance at 1.05444 will continue.
Caution: A possible counter-trend in the direction of the support level at 1.04485 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.05545 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the resistance level at 1.05444 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Three White Soldiers’ chart pattern is detected. The candles show ‘Three White Soldiers’. which is a bullish pattern signal. 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’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.06094 |
| 2nd High | 1.05545 |
| Next High | 1.05444 |
| Current Price | 1.05284 |
| Next Low | 1.04485 |
| 2nd Low | 1.03918 |
| 3rd Low | 1.03328 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Three White Soldiers