EUR/USD – 1H – BUY

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

A bullish ascent upwards to the next resistance line at 1.17161 will continue.

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

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The pair is likely to go up.

There is also a ‘StochRSI %K line crosses above %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart signal. The pair is likely to go up.

There is also a ‘Latter Bottom’ candlestick pattern is existing. The candles show ‘Latter Bottom’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Latter Bottom’ going up is 56% (Bull Market) & 51% (Bear Market).

1.17161 – 1.17622 – 1.17906 – 1.16687 – 1.17188 – 1.17289 —
1.16833 – 1.17122 —
37.954380561295 – 57.859759456734 —
– —
1.17161 – 1776963600

Trading Signals: FOREX – EUR – EUR/USD – USD – Latter Bottom – – – – – – – – –