EUR/USD – 30M – BUY

The combination Euro/US Dollar (EUR/USD) breaks through the descending trendline upwards

A bullish ascent upwards to the next resistance at 1.18083 will continue.

Caution: A possible trend reversal in the direction of the support zone at 1.17799 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The pair is likely to go up.

Additionally a ‘RSI Bullish Divergence’ indicator signal is existing. The indicator is ‘RSI Bullish Divergence’. which could be a positive signal. The pair is likely to go up.

Additionally a ‘MACD-Hist Hidden Bullish Divergence’ indicator signal is existing. The indicator is ‘MACD-Hist Hidden Bullish Divergence’. which could be a positive signal. The pair is likely to go up.

Additionally a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair could go up.

Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 1.18087 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.18083 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Three Outside Up’ chart pattern is discovered. The chart forms ‘Three Outside Up’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

1.18083 – 1.18078 – 1.18377 – 1.17799 – 1.17825 – 1.17901 —
1.18032 – 1.17924 —
54.178888664125 – 42.942368153618 —
– —
1.18083 – 1770285600

Trading Signals: FOREX – EUR – EUR/USD – USD – Three Outside Up – – – – – – – – –