EUR/USD – 1H – BUYCorrection of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.043895 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 1.05124 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three White Soldiers’ candlestick pattern is discovered. The chart forms ‘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 likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.05340 |
| 2nd High | 1.05155 |
| Next High | 1.05124 |
| Current Price | 1.04081 |
| Next Low | 1.03439 |
| 2nd Low | 1.03328 |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/USD – USD – Three White Soldiers