EUR/USD – 30M – BUYThe pair Euro/US Dollar (EUR/USD) goes from the bearish trendline up.
A bullish movement up to the next resistance line at 1.05349 will continue.
Caution: A possible counter-trend in the direction of the support zone at 1.04877 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Bearish SBS White Lines’ candle chart pattern is existing. The chart shows ‘Bearish SBS White Lines’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.05842 |
| 2nd High | 1.05382 |
| Next High | 1.05349 |
| Current Price | 1.05023 |
| Next Low | 1.04877 |
| 2nd Low | 1.04806 |
| 3rd Low | 1.04604 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish SBS White Lines