EUR/USD – 1H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Current target is 1.16601 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 1.16773 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Bullish Tri-Star’ candlestick pattern is detected. The candles form ‘Bullish Tri-Star’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Tri-Star’ going up is 60% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.17024 |
| 2nd High | 1.1698 |
| Next High | 1.16773 |
| Current Price | 1.16428 |
| Next Low | 1.16337 |
| 2nd Low | 1.16178 |
| 3rd Low | 1.16147 |
1.16773 – 1.1698 – 1.16604 – 1.16337 – 1.16178 – 1.16423 —
1.16547 – 1.16473 —
46.656691512172 – 41.110956487542 —
– —
1.16773 – 1768316400
Trading Signals: FOREX – EUR – EUR/USD – USD – Bullish Tri-Star – – – – – – – – –