EUR/USD – 30M – BUY

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

The bullish trend up to the next resistance line at 1.16442 will persist.

Caution: A possible reversal of the trend in the direction of the support level at 1.15069 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.1647 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 1.16442 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Bearish SBS White Lines’ candle pattern is detected. The candles form ‘Bearish SBS White Lines’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

1.1621 – 1.16209 – 1.16442 – 1.15069 – 1.15456 – 1.15584 —
1.16361 – 1.16293 —
70.822817034472 – 56.536350491119 —
– —
1.1621 – 1772827200

Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish SBS White Lines – – – – – – – – –