EUR/USD – 30M – BUY

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

A bullish movement upwards to the next resistance level at 1.16442 is expected.

Caution: A possible change in the direction of the support zone at 1.15584 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The pair is likely to go up.

Besides a ‘Three Outside Up’ candlestick chart pattern is discovered. The candles form ‘Three Outside Up’. 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 Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

1.16442 – 1.1647 – 1.16543 – 1.15584 – 1.1581 – 1.15742 —
1.16074 – 1.16160 —
54.44203326574 – 53.321611660519 —
– —
1.16442 – 1772708400

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