EUR/USD – 4H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Current target is 1.156825 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 1.16556 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Bullish Belt Hold’ candlestick chart pattern is detected. The candles show ‘Bullish Belt Hold’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.17281 |
| 2nd High | 1.16683 |
| Next High | 1.16556 |
| Current Price | 1.15273 |
| Next Low | 1.14682 |
| 2nd Low | 1.14532 |
| 3rd Low | 1.14459 |
1.16556 – 1.16053 – 1.15907 – 1.14682 – 1.15764 – 1.15423 —
1.15522 – 1.15501 —
35.769790533022 – 48.270335037656 —
– —
1.16556 – 1763049600
Trading Signals: FOREX – EUR – EUR/USD – USD – Bullish Belt Hold – – – – – – – – –