EUR/USD – 1H – BUYThe currency pair Euro/US Dollar (EUR/USD) breaks through the ascending trendline up.
A continuation of the upward movement upwards to the next resistance line at 1.15548 will persist.
Caution: A possible counter-trend in the direction of the support zone at 1.14427 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Three White Soldiers’ candlestick chart pattern is found. The chart forms ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.1645 |
| 2nd High | 1.15659 |
| Next High | 1.15548 |
| Current Price | 1.15853 |
| Next Low | 1.14427 |
| 2nd Low | 1.14139 |
| 3rd Low | 1.14104 |
1.15548 – 1.15468 – 1.15244 – 1.14427 – 1.14495 – 1.14655 —
1.14811 – 1.15838 —
48.413319436591 – 75.787902315348 —
– —
1.15548 – 1773842400
Trading Signals: FOREX – EUR – EUR/USD – USD – Three White Soldiers – – – – – – – – –