EUR/USD – 30M – BUYThe pair Euro/US Dollar (EUR/USD) moves from the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance line at 1.05873 is certain.
Caution: A possible change in the direction of the support zone at 1.05275 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Three White Soldiers’ chart pattern is found. The chart shows ‘Three White Soldiers’. which 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 | 1.06542 |
| 2nd High | 1.06094 |
| Next High | 1.05873 |
| Current Price | 1.05674 |
| Next Low | 1.05275 |
| 2nd Low | 1.04744 |
| 3rd Low | 1.04571 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Three White Soldiers