EUR/USD – 1H – BUYThe currency pair Euro/US Dollar (EUR/USD) moves from the ascending trendline up.
A continuation of the bullish trend up to the next resistance line at 1.05445 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 1.04571 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Current target is 1.05445 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of resistance at 1.05445 could happen.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Three White Soldiers’ candlestick chart pattern is found. The candles show ‘Three White Soldiers’. which is a bullish 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’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.06094 |
| 2nd High | 1.05545 |
| Next High | 1.05445 |
| Current Price | 1.05141 |
| Next Low | 1.04571 |
| 2nd Low | 1.04252 |
| 3rd Low | 1.03328 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Three White Soldiers