The pair Euro/US Dollar (EUR/USD) breaks through the bearish trendline upwards
An ascent upwards to the next resistance line at 1.14478 will continue.
Caution: A possible counter-trend in the direction of support at should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive signal. The currency pair is likely to rise.
In addition a ‘Bearish SBS White Lines’ candle chart pattern is discovered. The candles form ‘Bearish SBS White Lines’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.1482 |
| 2nd High | 1.14759 |
| Next High | 1.14478 |
| Current Price | 1.14413 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.14478 – 1.14759 – 1.14741 – 1.14341 – 1.14308 – 1.14597 —
1.14375 – 1.14475 —
40.089943873914 – 46.132487983967 —
1.14341 – 1784273400 —
1.14478 – 1784260800
Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish SBS White Lines – – – – – – – – –