EUR/USD – 30M – BUYThe currency pair Euro/US Dollar (EUR/USD) jumps from the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance line at 1.19166 is certain.
Caution: A possible counter-trend in the direction of the support line at 1.18991 is also possible.
Consider stop-loss settings accordingly.
And also a ‘MACD Hidden Bullish Divergence’ indicator signal is found. The indicator shows ‘MACD Hidden Bullish Divergence’. which could be a positive chart scenario. The pair is likely to go up.
And also a ‘Bearish SBS White Lines’ candle chart pattern is found. The candles show ‘Bearish SBS White Lines’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.19543 |
| 2nd High | 1.19262 |
| Next High | 1.19166 |
| Current Price | 1.19039 |
| Next Low | 1.18991 |
| 2nd Low | 1.18962 |
| 3rd Low | 1.18095 |
1.19166 – 1.19262 – 1.18332 – 1.18991 – 1.18962 – 1.18095 —
1.19083 – 1.19103 —
56.186100789098 – 46.296249613964 —
1.18991 – 1770715800 —
1.19166 – 1770701400
Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish SBS White Lines – – – – – – – – –