EUR/USD – 4H – BUY

The currency pair Euro/US Dollar (EUR/USD) jumps from the bullish trendline upwards

A continuation of the uptrend up to the next resistance line at 1.18487 is expected.

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

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart scenario. The currency pair could go up.

In addition a ‘Three Outside Up’ candlestick pattern is detected. The candles show ‘Three Outside Up’. which is a positive 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 ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

1.18487 – 1.16267 – 1.16394 – 1.17289 – 1.15048 – 1.14428 —
1.17132 – 1.16890 —
35.973867263079 – 31.615261183201 —
– —
1.18487 – 1776441600

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