EUR/USD – 1H – BUY

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

A bullish ascent upwards to the next resistance at 1.17161 is considered certain.

Caution: A possible trend reversal in the direction of the support line at should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The pair is likely to go up.

Additionally a ‘MACD-Hist Hidden Bullish Divergence’ indicator layout is existing. The indicator shows ‘MACD-Hist Hidden Bullish Divergence’. which could be a positive signal. The pair is likely to go up.

Additionally a ‘Three Outside Up’ candle pattern is existing. The candles show ‘Three Outside Up’. 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 chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

1.17161 – 1.17622 – 1.17906 – 1.16687 – 1.17188 – 1.17289 —
1.16890 – 1.16906 —
36.607979805702 – 46.042806026668 —
– —
1.17161 – 1776963600

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