EUR/USD – 1H – BUYCorrection of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.06271262 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.05925 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three White Soldiers’ candle pattern is discovered. The chart forms ‘Three White Soldiers’. which is a bullish pattern signal. The 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’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.06628 |
| 2nd High | 1.06542 |
| Next High | 1.05925 |
| Current Price | 1.05899 |
| Next Low | 1.05159 |
| 2nd Low | 1.04961 |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/USD – USD – Three White Soldiers