EUR/USD – 1H – BUYThe pair Euro/US Dollar (EUR/USD) breaks through the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance level at 1.17422 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 1.16297 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a positive chart signal. The currency pair is likely to rise.
Additionally a ‘Bullish Belt Hold’ candlestick chart pattern is existing. The chart forms ‘Bullish Belt Hold’. this is a bullish pattern signal. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.18098 |
| 2nd High | 1.17871 |
| Next High | 1.17422 |
| Current Price | 1.17340 |
| Next Low | 1.16297 |
| 2nd Low | 1.16077 |
| 3rd Low | 1.15736 |
1.16817 – 1.1697 – 1.16649 – 1.16297 – 1.16077 – 1.16125 — 64.752660658976 – 78.846551349394 — 93.203244902434 – 93.203244902434 – 96.669550174653 – 95.468829934956
Trading Signals: FOREX – EUR – EUR/USD – USD – Bullish Belt Hold – – –