EUR/USD – 1H – BUYThe combination Euro/US Dollar (EUR/USD) jumps from the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance level at 1.1996 is expected.
Caution: A possible change in the direction of the support level at 1.19057 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart signal. The currency pair is likely to rise.
Furthermore a ‘RSI Hidden Bullish Divergence’ indicator signal is detected. The indicator shows ‘RSI Hidden Bullish Divergence’. which could be a positive chart signal. The currency pair is likely to rise.
Furthermore a ‘MACD Hidden Bullish Divergence’ indicator signal is detected. The indicator shows ‘MACD Hidden Bullish Divergence’. which is often a bullish chart signal. The pair is likely to go up.
Furthermore a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bullish chart signal. The currency pair is likely to rise.
Furthermore a ‘Bearish SBS White Lines’ candle chart pattern is detected. The candles form ‘Bearish SBS White Lines’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.20821 |
| Next High | 1.1996 |
| Current Price | 1.19196 |
| Next Low | 1.19057 |
| 2nd Low | 1.18952 |
| 3rd Low | 1.185 |
1.1996 – 1.20821 – 1.19065 – 1.19057 – 1.18952 – 1.185 —
1.19645 – 1.19392 —
49.382670903102 – 37.042307754958 —
– —
1.19960 – 1769677200
Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish SBS White Lines – – – – – – – – –