The combination Euro/US Dollar (EUR/USD) breaks through the bearish trendline up.
A bullish trend up to the next resistance line at 1.17201 is certain.
Caution: A possible change in the direction of the support level at 1.16546 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The currency pair is likely to rise.
Next a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bullish chart signal. The currency pair could go up.
Next a ‘Three Line Strike – Bullish’ candlestick chart pattern is found. The chart shows ‘Three Line Strike – Bullish’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Line Strike – Bullish’ heading up is 83% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.17545 |
| 2nd High | 1.17266 |
| Next High | 1.17201 |
| Current Price | 1.17129 |
| Next Low | 1.16546 |
| 2nd Low | 1.165 |
| 3rd Low | 1.16429 |
1.1689 – 1.17092 – 1.17201 – 1.16546 – 1.16609 – 1.1677 —
1.16969 – 1.17005 —
63.372133757285 – 52.657710822784 —
– —
1.1689 – 1777518000
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Line Strike – Bullish – – – – – – – – –