EUR/USD – 1H – BUYThe currency pair Euro/US Dollar (EUR/USD) goes from the bearish trendline up.
A bullish movement upwards to the next resistance line at 1.04241 is expected.
Caution: A possible change in the direction of the support level at 1.03439 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three White Soldiers’ candle chart pattern is found. The chart shows ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.05124 |
| 2nd High | 1.04580 |
| Next High | 1.04241 |
| Current Price | 1.03711 |
| Next Low | 1.03439 |
| 2nd Low | 1.03430 |
| 3rd Low | 1.03328 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Three White Soldiers