EUR/USD – 1H – BUY

Next a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a positive signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Current target is 1.18858 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 1.19543 could occur.
Consider stop-loss settings accordingly.

Next a ‘Three Outside Up’ candlestick chart pattern is existing. The candles form ‘Three Outside Up’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

1.18241 – 1.19543 – 1.19741 – 1.17797 – 1.17756 – 1.18394 —
1.18167 – 1.18313 —
50.963064773516 – 54.570567616603 —
– —
1.18241 – 1770109200

Trading Signals: FOREX – EUR – EUR/USD – USD – Three Outside Up – – – – – – – – –