EUR/USD – 1H – BUYThe currency pair Euro/US Dollar (EUR/USD) goes from the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance line at 1.05545 will persist.
Caution: A possible change in the direction of the support zone at 1.05064 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.055275 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance level at 1.05545 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Three White Soldiers’ candle pattern is discovered. The candles form ‘Three White Soldiers’. which is a positive 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 | 1.06542 |
| 2nd High | 1.06094 |
| Next High | 1.05545 |
| Current Price | 1.05353 |
| Next Low | 1.05064 |
| 2nd Low | 1.04961 |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/USD – USD – Three White Soldiers