EUR/USD – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 1.05149312 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance zone at 1.05340 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Three Outside Up’ candlestick pattern is found. The candles form ‘Three Outside Up’. 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 chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.05390 |
| 2nd High | 1.05370 |
| Next High | 1.05340 |
| Current Price | 1.05002 |
| Next Low | 1.04744 |
| 2nd Low | 1.04532 |
| 3rd Low | 1.04252 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Outside Up