The combination Euro/US Dollar (EUR/USD) breaks through the descending trendline up.
The bullish trend upwards to the next resistance level at 1.18083 is likely expected.
Caution: A possible change in the direction of the support level at 1.17825 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair is likely to rise.
There is also a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a positive chart scenario. The currency pair could go up.
There is also a ‘Three White Soldiers’ candlestick pattern is found. The chart shows ‘Three White Soldiers’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.18709 |
| 2nd High | 1.18377 |
| Next High | 1.18083 |
| Current Price | 1.18114 |
| Next Low | 1.17825 |
| 2nd Low | 1.17797 |
| 3rd Low | 1.17756 |
1.18083 – 1.18078 – 1.18377 – 1.17825 – 1.17901 – 1.17797 —
1.18025 – 1.18032 —
41.105943315561 – 54.178889049385 —
– —
1.18083 – 1770285600
Trading Signals: FOREX – EUR – EUR/USD – USD – Three White Soldiers – – – – – – – – –