The combination Euro/US Dollar (EUR/USD) breaks through the descending trendline up.
The bullish trend upwards to the next resistance line at 1.16980 will persist.
Caution: A possible counter-trend in the direction of the support zone at is also possible.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive signal. The pair is likely to go up.
And also a ‘%K cross above 0.2’ indicator signal is discovered. The indicator shows ‘%K cross above 0.2’. which could be a positive signal. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.16984 |
| Next High | 1.16980 |
| Current Price | 1.16697 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.16980 – 1.16709 – 1.16604 – 1.16212 – 1.16178 – 1.16457 —
1.16980 – 1.16754 —
64.973376561294 – 45.960629599092 —
1.16980 – 1768231800 —
– 1768231800
Trading Signals: FOREX – EUR – EUR/USD – USD – – – – – – – – – –