EUR/USD – 30M – BUYThe pair Euro/US Dollar (EUR/USD) moves from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance level at 1.16005 will continue.
Caution: A possible reversal of the trend in the direction of support at 1.15467 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Besides 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 could go up.
Besides a ‘Bullish Engulfing’ candlestick chart pattern is existing. The chart shows ‘Bullish Engulfing’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.16145 |
| 2nd High | 1.16073 |
| Next High | 1.16005 |
| Current Price | 1.15975 |
| Next Low | 1.15467 |
| 2nd Low | 1.15112 |
| 3rd Low | 1.1511 |
1.16005 – 1.15955 – 1.15855 – 1.15467 – 1.15654 – 1.15112 —
1.15940 – 1.15955 —
57.238542765908 – 57.90691725264 —
– —
1.16005 – 1764181800
Trading Signals: FOREX – EUR – EUR/USD – USD – Bullish Engulfing – – – – – – – – –