EUR/USD – 1H – BUY

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

A bullish movement upwards to the next resistance level at 1.17201 will persist.

Caution: A possible trend reversal in the direction of the support level at 1.16546 could happen.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Bullish Belt Hold’ candlestick pattern is found. The candles form ‘Bullish Belt Hold’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

1.17201 – 1.17545 – 1.17161 – 1.16546 – 1.16609 – 1.1677 —
1.16642 – 1.17052 —
31.704480696431 – 52.880815542168 —
– —
1.17201 – 1777431600

Trading Signals: FOREX – EUR – EUR/USD – USD – Bullish Belt Hold – – – – – – – – –