EUR/USD – 30M – BUYThe currency pair moves from the bearish trendline up.
A bullish ascent up to the next resistance line at 1.06628 is expected.
Caution: A possible reversal of the trend in the direction of the support zone at could occur.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three White Soldiers’ candle chart pattern is detected. The chart forms ‘Three White Soldiers’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.07971 |
| 2nd High | 1.07275 |
| Next High | 1.06628 |
| Current Price | 1.06111 |
| Next Low | |
| 2nd Low | |
| 3rd Low |