EUR/USD – 30M – BUY

Moreover a ‘Double bottom chart pattern’ chart pattern is detected. The chart forms ‘Double bottom chart pattern’. which is a bullish pattern signal. The pair is likely to go up.

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

The bullish trend upwards to the next resistance level at 1.17927 is likely expected.

Caution: A possible counter-trend in the direction of the support line at 1.1771 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 1.1799216 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of resistance at 1.17927 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

1.17898 – 1.17927 – 1.17959 – 1.1771 – 1.17656 – 1.17676 —
1.17756 – 1.17939 —
44.272300443056 – 59.365408183978 —
– —
1.17898 – 1771956000

Trading Signals: FOREX – EUR – EUR/USD – USD – – Double bottom chart pattern – – – – – – – –