EUR/USD – 30M – BUYThe combination Euro/US Dollar (EUR/USD) breaks through the descending trendline upwards
An ascent up to the next resistance line at 1.16716 will continue.
Caution: A possible change in the direction of the support level at 1.1616 should always be considered.
Consider stop-loss settings accordingly.
There is also a ‘Bullish Belt Hold’ chart pattern is discovered. The candles form ‘Bullish Belt Hold’. this is a bullish 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’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.17281 |
| 2nd High | 1.16816 |
| Next High | 1.16716 |
| Current Price | 1.16383 |
| Next Low | 1.1616 |
| 2nd Low | 1.15908 |
| 3rd Low | 1.1589 |
1.16716 – 1.16598 – 1.16715 – 1.1616 – 1.16406 – 1.16518 —
1.16416 – 1.16363 —
46.467899906803 – 46.228126392959 —
– —
1.16716 – 1765180800
Trading Signals: FOREX – EUR – EUR/USD – USD – Bullish Belt Hold – – – – – – – – –