EUR/USD – 1H – BUY

The combination Euro/US Dollar (EUR/USD) moves from the ascending trendline upwards

A continuation of the upward movement up to the next resistance at 1.16533 is considered certain.

Caution: A possible change in the direction of the support level at 1.15816 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘%K crosses above %D’ indicator layout is detected. The indicator is ‘%K crosses above %D’. which could be a positive chart signal. The currency pair is likely to rise.

There is also a ‘Bullish Engulfing’ candle pattern is detected. The candles show ‘Bullish Engulfing’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.

1.16533 – 1.15974 – 1.16053 – 1.15816 – 1.15626 – 1.15407 —
1.16015 – 1.15939 —
43.776850708793 – 42.163866201094 —
– —
1.16533 – 1763132400

Trading Signals: FOREX – EUR – EUR/USD – USD – Bullish Engulfing – – – – –