EUR/USD – 30M – BUYThe pair Euro/US Dollar (EUR/USD) moves from the bearish trendline upwards
An ascent up to the next resistance level at 1.16073 is expected.
Caution: A possible trend reversal in the direction of the support level at 1.1571 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Bullish Belt Hold’ candlestick pattern is discovered. The candles show ‘Bullish Belt Hold’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.16243 |
| 2nd High | 1.16145 |
| Next High | 1.16073 |
| Current Price | 1.15837 |
| Next Low | 1.1571 |
| 2nd Low | 1.15626 |
| 3rd Low | 1.15493 |
1.16073 – 1.1606 – 1.16145 – 1.1571 – 1.15793 – 1.15816 —
1.15837 – 1.15836 —
47.823919847577 – 52.017221069276 —
– —
1.16073 – 1763487000
Trading Signals: FOREX – EUR – EUR/USD – USD – Bullish Belt Hold – – – – –