EUR/USD – 30M – BUYThe combination Euro/US Dollar (EUR/USD) breaks through the descending trendline upwards
An ascent up to the next resistance at 1.18377 will continue.
Caution: A possible reversal of the trend in the direction of the support zone at 1.17797 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘RSI Hidden Bullish Divergence’ indicator layout is discovered. The indicator is ‘RSI Hidden Bullish Divergence’. signal.
Furthermore a ‘MACD-Hist Hidden Bullish Divergence’ indicator layout is discovered. The indicator is ‘MACD-Hist Hidden Bullish Divergence’. signal.
Furthermore a ‘Bearish SBS White Lines’ chart pattern is found. The chart shows ‘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 likelyhood of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.19543 |
| 2nd High | 1.18709 |
| Next High | 1.18377 |
| Current Price | 1.18019 |
| Next Low | 1.17797 |
| 2nd Low | 1.17756 |
| 3rd Low | 1.17279 |
1.18377 – 1.18284 – 1.18241 – 1.17797 – 1.17756 – 1.18407 —
1.18172 – 1.18096 —
45.584858109702 – 36.724053632177 —
– —
1.18377 – 1770199200
Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish SBS White Lines – – – – – – – – –