EUR/USD – 1H – BUYThe currency pair Euro/US Dollar (EUR/USD) jumps from the ascending trendline upwards
A continuation of the upward movement up to the next resistance level at 1.05155 will persist.
Caution: A possible trend reversal in the direction of the support zone at 1.04794 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Bearish SBS White Lines’ candlestick pattern is existing. The chart shows ‘Bearish SBS White Lines’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.05390 |
| 2nd High | 1.05340 |
| Next High | 1.05155 |
| Current Price | 1.04961 |
| Next Low | 1.04794 |
| 2nd Low | 1.04744 |
| 3rd Low | 1.04532 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish SBS White Lines