In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The currency pair is likely to rise.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 1.18150394 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of resistance at 1.18164 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three White Soldiers’ candle chart pattern is detected. The candles form ‘Three White Soldiers’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.18334 |
| 2nd High | 1.18285 |
| Next High | 1.18164 |
| Current Price | 1.18028 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.18164 – 1.18285 – 1.18139 – 1.17735 – 1.17706 – 1.1771 —
1.17909 – 1.17971 —
45.929911991747 – 49.036807400458 —
– —
1.18164 – 1772118000
Trading Signals: FOREX – EUR – EUR/USD – USD – Three White Soldiers – – – – – – – – –