EUR/USD – 30M – BUYThe pair Euro/US Dollar (EUR/USD) jumps from the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance line at 1.05925 will persist.
Caution: A possible trend reversal in the direction of the support line at 1.05231 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three White Soldiers’ candlestick pattern is found. The chart forms ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.06628 |
| 2nd High | 1.06542 |
| Next High | 1.05925 |
| Current Price | 1.05329 |
| Next Low | 1.05231 |
| 2nd Low | 1.05118 |
| 3rd Low | 1.04961 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Three White Soldiers