EUR/USD – 30M – BUY

The pair Euro/US Dollar (EUR/USD) breaks through the descending trendline up.

A bullish movement up to the next resistance level at 1.16451 is considered certain.

Caution: A possible reversal of the trend in the direction of the support zone at 1.15069 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.16451 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 1.16451 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three White Soldiers’ chart pattern is detected. The candles form ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.

1.16451 – 1.1621 – 1.16209 – 1.15069 – 1.15456 – 1.15584 —
1.16293 – 1.16139 —
56.536349746895 – 52.644837140532 —
– —
1.16451 – 1773104400

Trading Signals: FOREX – EUR – EUR/USD – USD – Three White Soldiers – – – – – – – – –