EUR/USD – 4H – BUY

The currency pair Euro/US Dollar (EUR/USD) breaks through the descending trendline upwards

An ascending movement up to the next resistance at 1.16556 is considered certain.

Caution: A possible trend reversal in the direction of the support zone at 1.15549 could happen.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a positive signal. The currency pair is likely to rise.

There is also a ‘Bullish Belt Hold’ candlestick pattern is existing. The candles show ‘Bullish Belt Hold’. which 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).

1.16556 – 1.16053 – 1.15907 – 1.15549 – 1.14908 – 1.14682 —
1.16231 – 1.16191 —
61.816678427995 – 57.366601030235 —
– —
1.16556 – 1763049600

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