The combination Euro/US Dollar (EUR/USD) jumps from the bearish trendline up.
The bullish trend up to the next resistance level at 1.14315 will persist.
Caution: A possible reversal of the trend in the direction of support at 1.14186 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘MACD-Hist Bullish Divergence’ indicator signal is discovered. The indicator shows ‘MACD-Hist Bullish Divergence’. chart signal.
Then a ‘Bearish SBS White Lines’ candlestick chart pattern is existing. The candles form ‘Bearish SBS White Lines’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.14802 |
| 2nd High | 1.14632 |
| Next High | 1.14315 |
| Current Price | 1.14092 |
| Next Low | 1.14186 |
| 2nd Low | 1.14174 |
| 3rd Low | 1.14139 |
1.14315 – 1.14632 – 1.14802 – 1.14186 – 1.14411 – 1.14545 —
1.14255 – 1.14170 —
39.042442951299 – 36.709616108769 —
– —
1.14315 – 1782190800
Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish SBS White Lines – – – – – – – – –