EUR/USD – 30M – BUYThe combination Euro/US Dollar (EUR/USD) breaks through the descending trendline upwards
A bullish movement up to the next resistance line at 1.13492 will persist.
Caution: A possible change in the direction of support at 1.13049 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Three White Soldiers’ candlestick chart pattern is discovered. The candles form ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
In addition a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.13805 |
| 2nd High | 1.13645 |
| Next High | 1.13492 |
| Current Price | 1.13675 |
| Next Low | 1.13049 |
| 2nd Low | 1.12795 |
| 3rd Low | 1.12739 |
1.13492 – 1.13645 – 1.13471 – 1.13049 – 1.12795 – 1.12967
Trading Signals: FOREX – EUR – EUR/USD – USD – Three White Soldiers