The currency pair breaks through the bullish trendline up.
A continuation of the uptrend up to the next resistance at 30.850000000 is expected.
Caution: A possible change in the direction of the support zone at 28.490000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Current target is 29.79 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance zone at 30.850000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three White Soldiers’ candlestick pattern is existing. The candles form ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | |
Next High | 30.850000000 |
Current Price | 30.370000000 |
Next Low | 28.490000000 |
2nd Low | 26.510000000 |
3rd Low | 22.350000000 |