EUR/USD – 1H – BUY

The currency pair Euro/US Dollar (EUR/USD) breaks through the bullish trendline upwards

A continuation of the bullish trend up to the next resistance at 1.15969 is expected.

Caution: A possible reversal of the trend in the direction of the support zone at 1.15112 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The currency pair is likely to rise.

Furthermore a ‘%K crosses above %D’ indicator signal is detected. The indicator shows ‘%K crosses above %D’. which is often a bullish chart scenario. The currency pair is likely to rise.

Furthermore a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The currency pair could go up.

Furthermore a ‘Latter Bottom’ candlestick pattern is detected. The chart shows ‘Latter Bottom’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Latter Bottom’ heading up is 56% (Bull Market) & 51% (Bear Market).

1.15501 – 1.15522 – 1.15496 – 1.15112 – 1.14908 – 1.15008 —
1.15908 – 1.15796 —
65.129643578951 – 53.353520808657 —
– —
1.15501 – 1763992800

Trading Signals: FOREX – EUR – EUR/USD – USD – Latter Bottom – – – – – – – – –