EUR/USD – 30M – BUYThe combination Euro/US Dollar (EUR/USD) goes from the ascending trendline upwards
A continuation of the bullish trend up to the next resistance line at 1.05155 is expected.
Caution: A possible change in the direction of the support line at 1.04853 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Bearish SBS White Lines’ chart pattern is existing. The candles form ‘Bearish SBS White Lines’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.05370 |
| 2nd High | 1.05340 |
| Next High | 1.05155 |
| Current Price | 1.04936 |
| Next Low | 1.04853 |
| 2nd Low | 1.04794 |
| 3rd Low | 1.04744 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish SBS White Lines