Buy EUR/USD – 30M – BUY

The combination Euro/US Dollar (EUR/USD) goes from the bearish trendline downwards

A continuation of the downtrend downwards to the next support at 1.12967 will continue.

Caution: A possible change in the direction of the resistance zone at 1.13645 should always be considered.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.12739 at the Fibonacci level 1-Level. Caution: A possible change in the direction of support at 1.13645 should always be considered.
Consider stop-loss settings accordingly.

In addition a ‘Matching Low’ candle chart pattern is existing. The chart forms ‘Matching Low’. 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 probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

In addition a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which could be a negative chart scenario. The pair is likely to go down.

Support & Resistance Price Range*
3rd High 1.13883
2nd High 1.13805
Next High 1.13645
Current Price 1.12858
Next Low 1.12967
2nd Low 1.12920
3rd Low 1.12739

1.13645 – 1.13471 – 1.13805 – 1.12967 – 1.13110 – 1.12920

Download EUR/USD Signal Image

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