EUR/USD – 30M – BUYThe combination Euro/US Dollar (EUR/USD) breaks through the ascending trendline up.
A continuation of the upward movement up to the next resistance line at 1.05124 is expected.
Caution: A possible trend reversal in the direction of the support zone at 1.04143 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.04438 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of resistance at 1.05124 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Three White Soldiers’ candle pattern is detected. The candles show ‘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 | 1.04474 |
| Next Low | 1.04143 |
| 2nd Low | 1.04051 |
| 3rd Low | 1.03904 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Three White Soldiers