EUR/USD – 30M – BUYThe currency pair Euro/US Dollar (EUR/USD) jumps from the bearish trendline upwards
An ascending movement up to the next resistance level at 1.04241 will persist.
Caution: A possible counter-trend in the direction of support at 1.03430 could be enabled.
Consider stop-loss settings accordingly.
Moreover a ‘Bullish Belt Hold’ chart pattern is found. The chart shows ‘Bullish Belt Hold’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.05124 |
| 2nd High | 1.04580 |
| Next High | 1.04241 |
| Current Price | 1.03608 |
| Next Low | 1.03430 |
| 2nd Low | 1.03328 |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/USD – USD – Bullish Belt Hold