EUR/USD – 30M – BUYThe currency pair Euro/US Dollar (EUR/USD) breaks through the descending trendline upwards
An ascending movement up to the next resistance line at 1.03752 is expected.
Caution: A possible reversal of the trend in the direction of the support zone at 1.02732 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three White Soldiers’ candlestick chart pattern is detected. The chart forms ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.04580 |
| 2nd High | 1.04241 |
| Next High | 1.03752 |
| Current Price | 1.03118 |
| Next Low | 1.02732 |
| 2nd Low | 1.02643 |
| 3rd Low | 1.02238 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Three White Soldiers