EUR/USD – 1H – BUY

The currency pair Euro/US Dollar (EUR/USD) goes from the ascending trendline upwards

A continuation of the bullish trend up to the next resistance at 1.14388 will continue.

Caution: A possible reversal of the trend in the direction of the support level at 1.13862 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bullish chart signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.142575 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 1.14388 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Bullish Belt Hold’ candlestick pattern is detected. The candles form ‘Bullish Belt Hold’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

1.14388 – 1.14947 – 1.14345 – 1.13862 – 1.13713 – 1.14042

Trading Signals: FOREX – EUR – EUR/USD – USD – Bullish Belt Hold