EUR/USD – 30M – BUYThe combination Euro/US Dollar (EUR/USD) jumps from the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance line at 1.05299 will persist.
Caution: A possible trend reversal in the direction of support at 1.04485 should always be considered.
Consider stop-loss settings accordingly.
Also there is a ‘Three White Soldiers’ chart pattern is detected. The chart forms ‘Three White Soldiers’. which is a bullish signal. The pair is likely to go up. 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 | 1.05545 |
| 2nd High | 1.05444 |
| Next High | 1.05299 |
| Current Price | 1.04775 |
| Next Low | 1.04485 |
| 2nd Low | 1.03918 |
| 3rd Low | 1.03328 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Three White Soldiers