EUR/USD – 1H – BUYThe pair Euro/US Dollar (EUR/USD) breaks through the bearish trendline upwards
The bullish trend up to the next resistance at 1.04222 is expected.
Caution: A possible counter-trend in the direction of support at 1.03547 should always be considered.
Consider stop-loss settings accordingly.
Moreover a ‘Three White Soldiers’ candlestick chart pattern is detected. The chart shows ‘Three White Soldiers’. this is a bullish signal. 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 | 1.05155 |
| 2nd High | 1.05124 |
| Next High | 1.04222 |
| Current Price | 1.03918 |
| Next Low | 1.03547 |
| 2nd Low | 1.03439 |
| 3rd Low | 1.03328 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Three White Soldiers