EUR/USD – 1H – BUYThe currency pair Euro/US Dollar (EUR/USD) breaks through the bearish trendline up.
An ascending movement upwards to the next resistance line at 1.1996 will persist.
Caution: A possible counter-trend in the direction of the support level at is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The currency pair is likely to rise.
And also a ‘MACD crosses above signal’ indicator signal is found. The indicator shows ‘MACD crosses above signal’. this is usually a bullish chart signal. The currency pair is likely to rise.
And also a ‘Three Outside Up’ candle pattern is detected. The chart forms ‘Three Outside Up’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.20821 |
| Next High | 1.1996 |
| Current Price | 1.19691 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.1996 – 1.20821 – 1.19065 – 1.18952 – 1.185 – 1.18345 —
1.19619 – 1.19601 —
48.943134485965 – 47.361997859272 —
– —
1.19960 – 1769677200
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Outside Up – – – – – – – – –