EUR/USD – 30M – BUYThe pair Euro/US Dollar (EUR/USD) moves from the descending trendline upwards
An ascent upwards to the next resistance level at 1.15279 will continue.
Caution: A possible counter-trend in the direction of the support zone at 1.14571 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Hammer’ candlestick chart pattern is existing. The candles form ‘Hammer’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Hammer’ heading up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.16192 |
| 2nd High | 1.16161 |
| Next High | 1.15279 |
| Current Price | 1.14710 |
| Next Low | 1.14571 |
| 2nd Low | 1.14466 |
| 3rd Low | 1.14428 |
1.15279 – 1.16161 – 1.16192 – 1.14776 – 1.15874 – 1.15745 —
1.15032 – 1.14813 —
27.4712670805 – 32.887464703347 —
– —
1.15279 – 1781775000
Trading Signals: FOREX – EUR – EUR/USD – USD – Hammer – – – – – – – – –