The combination Euro/US Dollar (EUR/USD) breaks through the descending trendline upwards
A bullish ascent up to the next resistance at 1.04803 is expected.
Caution: A possible change in the direction of the support line at 1.04532 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three White Soldiers’ candlestick pattern is discovered. The candles form ‘Three White Soldiers’. which is a positive signal. The pair is likely to go up. 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 | 1.05305 |
2nd High | 1.05207 |
Next High | 1.04803 |
Current Price | 1.04974 |
Next Low | 1.04532 |
2nd Low | 1.04252 |
3rd Low | 1.03918 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Three White Soldiers