EUR/USD – 4H – BUYThe pair Euro/US Dollar (EUR/USD) goes from the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance at 1.04580 is certain.
Caution: A possible reversal of the trend in the direction of the support line at 1.03832 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three White Soldiers’ candle pattern is discovered. The candles form ‘Three White Soldiers’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.06297 |
| 2nd High | 1.05340 |
| Next High | 1.04580 |
| Current Price | 1.03690 |
| Next Low | 1.03832 |
| 2nd Low | 1.03430 |
| 3rd Low | 1.03328 |
Trading Signals: FOREX – EUR – EUR/USD – USD – Three White Soldiers