EUR/USD – 30M – BUYThe combination Euro/US Dollar (EUR/USD) breaks through the bullish trendline upwards
A continuation of the bullish trend up to the next resistance level at 1.18332 is expected.
Caution: A possible counter-trend in the direction of the support line at 1.18095 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Three Outside Up’ candle pattern is discovered. The chart shows ‘Three Outside Up’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.18709 |
| 2nd High | 1.18377 |
| Next High | 1.18332 |
| Current Price | 1.18689 |
| Next Low | 1.18095 |
| 2nd Low | 1.17651 |
| 3rd Low | 1.17279 |
1.18332 – 1.18258 – 1.18014 – 1.18095 – 1.17651 – 1.17814 —
1.18553 – 1.18652 —
73.728681171279 – 68.15436472304 —
– —
1.18332 – 1770602400
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Outside Up – – – – – – – – –