EUR/USD – 1H – BUYThe pair Euro/US Dollar (EUR/USD) breaks through the bearish trendline upwards
An ascent upwards to the next resistance level at 1.16132 will continue.
Caution: A possible trend reversal in the direction of the support level at 1.15467 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Tweezers Bottom’ chart pattern is found. The chart shows ‘Tweezers Bottom’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Bottom’ going up is 52% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.16655 |
| 2nd High | 1.16533 |
| Next High | 1.16132 |
| Current Price | 1.15990 |
| Next Low | 1.15467 |
| 2nd Low | 1.15112 |
| 3rd Low | 1.14908 |
1.16132 – 1.15955 – 1.15501 – 1.15467 – 1.15112 – 1.14908 —
1.15934 – 1.15976 —
52.118877195286 – 54.800511343032 —
– —
1.16132 – 1764216000
Trading Signals: FOREX – EUR – EUR/USD – USD – Tweezers Bottom – – – – – – – – –